Public Economics MCQ Questions and Answers for Practice

Welcome to our Public Economics MCQs category page! Here, you'll find a comprehensive set of multiple-choice questions designed to help students and exam aspirants master the key concepts of Public Economics.

About Public Economics MCQ Questions

Public Economics is a branch of economics that focuses on the role of the government in the economy. It covers topics such as taxation, public spending, fiscal policy, and the impact of government policies on economic outcomes. Our MCQs are designed to test your understanding of these critical concepts.

Why Practice Public Economics Objective Questions?

Practicing Public Economics MCQs is essential for several reasons. It helps you prepare for school and college exams, competitive exams, and interviews. Regular practice enhances your understanding of the subject, improves your problem-solving skills, and boosts your confidence. It also helps you identify areas where you need more study and revision.

Who Should Use These MCQs?

  • Students preparing for school or college exams
  • Competitive exam aspirants
  • Candidates preparing for interviews

Public Economics MCQ Questions for Practice

1. The equity principle of taxation was propounded by

2. The existence of economic inequalities among the states is known as

3. The final resting place of the burden of tax is called

4. The Finance Commission does all the following functions except one, which is that?

5. The Finance Commission in India is appointed by

6. The finance commission is appointed every

7. The financial year in India starts from

8. The First Finance Commission was appointed in the year

9. The first state to introduce VAT was

10. The FRBM Act was passed in

11. The government which taxes the least is the best, is the belief of

12. The Great Depression occurred during

13. The idea of ..Democratic Decentralization in India was popularized by

14. The ideal system of public Finance is one where the net benefit is

15. The income of the government through all its sources is called

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