Public Economics MCQ Multiple Choice Questions Answers for Practice

1. .......... is a special type of once for all tax on capital imposed to repay war debts.

2. ........... is the process of replacing maturing securities with new securities.

3. ............ refers to refusal to repay the debt

4. ................ is the debt which is paid any legal enforcement

5. .................... is a broad based and a single comprehensive tax levied on goods and services consumed in an economy

6. .................... is the first country to implement GST

7. A budget where there is excess of expenditure over revenue is called

8. A criterion by which public goods are distinguished from private goods

9. A duty levied on goods when they entering a town

10. A proportional tax is one in which the rate of tax remains ....... irrespective of the level of income

11. A tax levied at 5 percent on the first Rs. 10,000 of income, 10 percent on the next Rs20,000 and 12 percent on the next Rs 30,000 would be

12. A tax levied upon a firm as a percentage of its value added

13. A tax that can be shifted is called

14. According to Colin Clark maximum limit of the tolerance level is ...... of GNP

15. According to Laffer, when the tax rate is 100 per cent , the tax revenue will be

16. According to Musgrave the major functions of public finance is

17. Adolph Wagner was a.................Economist

18. Advolorum duties are levied on

19. Agricultural Holding Tax was recommended by

20. Among the following canons of taxation which one has been given by Adam Smith

21. Author of General Theory of Employment, Interest and Money

22. Capital Levy method has been advocated by

23. Central Assistance for State and UT plan is a part of

24. Chairman of the first Finance Commission

25. Corporate Income tax is the tax levied on

26. Critical Limit Hypothesis was associated with the name of

27. Customs duties are imposed on commodities as they cross

28. Dalton has divided debt redemption fund into

29. Deficit financing may lead to

30. Deficit financing means

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
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