Public Economics MCQ Multiple Choice Questions Answers - Page 5 for Practice

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

122. The Great Depression occurred during

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

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

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

126. The Indian income tax is

127. The Indian tax system is

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

129. The Kelkar Proposals are concerned with

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

131. The largest component of revenue expenditure in India is

132. The largest component of revenue expenditure in India is

133. The main objective of budgeting is

134. The main objective of taking private loan is

135. The maximum effect of direct taxes is on

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

137. The modern state is

138. The modern theory of tax incidence was developed by

139. The most accepted theory of taxation in modern times

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

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

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

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

144. The Theory of Maximum Social Advantage was given by

145. The VAT was first introduced in

146. The VAT was first introduced in the year

147. The Wanchoo Committee (1971) probed into

148. The Zero-based budgeting was first adopted in

149. 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

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


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