Public Economics MCQ Questions and Answers Quiz

71. Principle of sound finance refers to

  1. Maximum Government spending
  2. Minimum Government spending
  3. Revenue expenditure balanced at the minimum level
  4. Balance between Tax and spending

72. Private goods are characterized by

  1. Application of exclusion principle
  2. Rivalry in consumption
  3. Payment of prices
  4. All the above

73. Public Authorities Include

  1. Central Government
  2. State Government
  3. Local Government
  4. All of these

74. Public debt leads to extravagance, encouraged resort to war and induced badeconomic conditions. This statement is of

  1. Dalton
  2. Adam Smith
  3. J.K. Mehta
  4. Findley Shirras

75. Public Debt Management refers to

  1. Terms of new bonds
  2. Proportion of different components of public debt
  3. Maturity
  4. All the above

76. Public Expenditure increases

  1. Interest rate
  2. Employment
  3. Exports
  4. Imports

77. Public Goods are

  1. Excludable
  2. Non-excludable
  3. Marketable
  4. All of these

78. Public goods are non-rivial if

  1. Some people cannot be prevented from consuming it
  2. Consumption by one person reduces consumption of other individuals
  3. Some people are excluded from consuming it
  4. all the above

79. Redemption of public debt means

  1. Repayment of debt
  2. Repayment of FDI
  3. Additional borrowing
  4. Deficit financing

80. Salaries and pensions paid by governments are called

  1. Capital expenditure
  2. Development expenditure
  3. Revenue expenditure
  4. Plan expenditure

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