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Public Economics MCQ Multiple Choice Questions Answers - Page 4 for Practice

91. The Annual Account of both the income and expenditure is called

92. The balanced budget principle was advocated by

93. The basic principle of public finance is

94. The Benefit Principle of taxation states that tax should be paid in proportion to

95. The best system of public finance is that which secures the maximum social advantage from the operations which it conducts is the dictum of

96. The burden of direct taxes is borne by

97. The burden of long term public debt is on

98. The burden of long-term public debt fall on

99. The chairman of the 15th Finance Commission of India is

100. The Classical economists asserted that public expenditure is

101. The Concentration theory of tax shifting and incidence was developed by

102. The concept of decentralized planning received renewed attention in India with the 73rd and 74th Constitutional Amendment Acts of

103. The concept of Merit good was introduced by

104. The concept of merit good was introduced in the year

105. The controlling authority of Government expenditure is

106. The Current financial transactions of the government which are of recurring in nature is known as

107. The debts which the government promises to pay off at a specified date are called

108. The diffusion theory was associated with the name of

109. The direct violation of Tax law is called

110. The Displacement effect hypothesis was formulated by

111. The equity principle of taxation was propounded by

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

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

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

115. The Finance Commission in India is appointed by

116. The finance commission is appointed every

117. The financial year in India starts from

118. The First Finance Commission was appointed in the year

119. The first state to introduce VAT was

120. The FRBM Act was passed in

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Multiple Choice Questions and Answers on Public Economics

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