Public Economics MCQ Questions and Answers Quiz

41. Federal Finance deals with

  1. State finances
  2. Finances of railways
  3. Local bodies
  4. Centre-State financial relations

42. Finance Commission determines

  1. The finances of Government of India
  2. The resources transfer to the State
  3. The resources transfer to the various departments
  4. none of the above

43. Formation of...............is the actual method of debt redemption

  1. Sinking fund
  2. Capital levy
  3. Conversion
  4. Repudiation

44. free rider problem is one of the characteristics of

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

45. Functional Finance concept was introduced by

  1. Marx and Angels
  2. Keynes and Lerner
  3. Dalton and Pigou
  4. J.S. Mill

46. Functional Finance functions through

  1. Buying and selling
  2. giving and taking
  3. Lending and borrowing
  4. All the above

47. Gender budgeting started in India with the Union budget of

  1. 1991-92
  2. 2001-02
  3. 2006-07
  4. 2010-11

48. Gift tax was introduced in the year

  1. 1958
  2. 1959
  3. 1960
  4. 1961

49. Grants recommended by the Finance Commission are known as

  1. Plan grants
  2. Conditional Grants
  3. Statutory grants
  4. Conditional grants

50. In India GST was introduced in the year

  1. 2016
  2. 2017
  3. 2018
  4. 2019
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