Public Economics MCQs Quiz Multiple Choice Questions & Answers

Public Economics MCQs questions answers


Test Your Skills in Public Economics Quiz Online

Embark on a comprehensive exploration of Public Economics with our extensive collection of multiple-choice questions and answers. Whether you're a student delving into the principles of government spending and taxation, a policymaker shaping economic policies, or a researcher studying the impact of public interventions on economic outcomes, our repository offers invaluable insights. Explore topics such as public goods, taxation principles, welfare economics, fiscal policy, and government budgeting. Each multiple-choice question is meticulously crafted to challenge your understanding and stimulate critical thinking about the complexities of public economic policies. From understanding the role of government in market interventions to analyzing the efficiency of public spending, our MCQs provide a comprehensive exploration of all facets of Public Economics. Start exploring today to deepen your knowledge and contribute to informed decision-making in public policy domains!

Public Economics Questions with Answers

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

16. The Indian income tax is

17. The Indian tax system is

18. The item or economic activity on which tax is imposed is known as

19. The Kelkar Proposals are concerned with

20. The Kerala Panchayat Raj Act was passed in the legislature in the year

21. The largest component of revenue expenditure in India is

22. The largest component of revenue expenditure in India is

23. The main objective of budgeting is

24. The main objective of taking private loan is

25. The maximum effect of direct taxes is on

26. The methods of restoring resource balance between different governments in a federal set-up is based on

27. The modern state is

28. The modern theory of tax incidence was developed by

29. The most accepted theory of taxation in modern times

30. The movement from older level of expenditure and taxation to a new and higher level is called

31. The neo-Keynesian approach to public finance is called

32. The principle of Maximum Social Advantage have been suggested by

33. The revenue of the State Government is raised from the following sources except one, which is that?

34. The Theory of Maximum Social Advantage was given by

35. The VAT was first introduced in

36. The VAT was first introduced in the year

37. The Wanchoo Committee (1971) probed into

38. The Zero-based budgeting was first adopted in

39. There is a view that reduced rates on income tax would lead to a significant rise in income tax revenue. This view has been attributed to

40. Those goods whose consumption and use are to be encouraged are called

41. Treasury bills issued by the Government are in the nature of

42. Unemployment insurance is an example of

43. Unfunded debts are also known as

44. Wagners Law is related to

45. When Ed is greater than Es, more incidence is on

46. When Ed=Es, the burden is divided between

47. When Ed=infinity or Es=0, the whole incidence is on

48. When Es=infinity or Ed=0, the whole incidence is on

49. When Esis greater than Ed, more incidence is on

50. When expenditure exceeds total tax revenue, it is called

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