Public Economics MCQ Questions and Answers Quiz

21. Author of General Theory of Employment, Interest and Money

  1. Dalton
  2. Marshal
  3. Keynes
  4. Musgrave

22. Capital Levy method has been advocated by

  1. Keyenes
  2. Musgrave
  3. Ricardo
  4. none of these

23. Central Assistance for State and UT plan is a part of

  1. Plan Expenditure
  2. Revenue Expenditure
  3. Non-Plan Expenditure
  4. None of the above

24. Chairman of the first Finance Commission

  1. Chadha
  2. K.C. Neogi
  3. Santhanam
  4. Y.V. Chavan

25. Corporate Income tax is the tax levied on

  1. Corporations
  2. Municipalities
  3. Co-operative societies
  4. Companies

26. Critical Limit Hypothesis was associated with the name of

  1. Dalton
  2. Colin Clarke
  3. J.M. Keynes
  4. Musgrave

27. Customs duties are imposed on commodities as they cross

  1. State boundaries
  2. District boundaries
  3. National boundaries
  4. Muncipal boundaries

28. Dalton has divided debt redemption fund into

  1. Two parts
  2. three parts
  3. Four parts
  4. Five parts

29. Deficit financing may lead to

  1. Poverty
  2. Unemployment
  3. Inflation
  4. Deflation

30. Deficit financing means

  1. Public expenditure in excess of public revenue
  2. Public revenue in excess of public expenditure
  3. Both A and B
  4. none of the above

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