Public Economics MCQ Questions and Answers Quiz

31. Defict financing includes

  1. Borrowing from the Central Bank
  2. Issues of new currency by the Government
  3. Withdrawal of past accumulated cash balance by the government
  4. All the above

32. Direct taxes have the element of

  1. Evasion
  2. convenient
  3. progressive
  4. economy

33. Education is an example of

  1. Public good
  2. Merit good
  3. Social good
  4. Club good

34. Education is an example of

  1. Private good
  2. Public good
  3. merit good
  4. mixed good

35. Elastic revenue response to marginal tax rate reductions is called

  1. Marginal tax curve
  2. Functional curve
  3. Laffer curve
  4. None of these

36. Equals treated equally in taxation leads to

  1. Vertical equity
  2. Real equity
  3. Horizontal equity
  4. None

37. Equals treated equally in taxation leads to

  1. Vertical equity
  2. Real equity
  3. Horizontal equity
  4. None

38. Escheat is an example of

  1. Direct tax
  2. Indirect tax
  3. Both a & b
  4. none of these

39. Existence of Centre State economic inequalities is known as

  1. Vertical imbalance
  2. Horizontal Imbalance
  3. parallel imbalance
  4. none of these

40. Expenditure Tax for India was recommended by

  1. Kaldor
  2. Colin Clarke
  3. Adam Smith
  4. Adolph Wagnor
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