Public Economics MCQ Multiple Choice Questions Answers - Page 2 for Practice

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

51. When individuals with unequal tax paying ability should be taxed unequally in order to equal sacrifice is called

52. When the government raises revenue by borrowing from within the country is known as

53. Which is the main objective of a tax

54. Which is the main point on the basis of which public finance can be separated from private finance

55. Which is the method of financial adjustment between Centre and States?

56. Which is the tax shifting

57. Which of the following is a Statutory Body?

58. Which of the following is not a Commodity Tax

59. Which of the following is the major source of revenue in India

60. Which of the following taxes is the most likely to be regressive?


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