Public Economics Set 1

Bachelor of Arts in Economics (BA Economics)

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This set of Public Economics Multiple Choice Questions & Answers (MCQs) focuses on Public Economics Set 1

Q1 | When expenditure exceeds total tax revenue, it is called:
Q2 | A pure private good is subject to:
Q3 | Which of the following is not a fiscal instrument?
Q4 | An increase in tax rate when tax base expands represents:
Q5 | The main difference between Public and Private Finance is:
Q6 | The name of the Chairman of the 11th Finance Commission
Q7 | Income tax is based on the principle of:
Q8 | The Principle of Maximum Social Advantage is associated with:
Q9 | Which is not the characteristic of a tax?
Q10 | Special assessment means:
Q11 | Classical canons of taxation are propounded by:
Q12 | The Kelkar Proposals are concerned with:
Q13 | Value Added Tax is:
Q14 | In the case of direct tax, impact and incidence are on:
Q15 | The direct violation of Tax law is called:
Q16 | The final resting place of the burden of tax is called:
Q17 | Incidence of tax refers to:
Q18 | A tax levied at 5 percent on the first Rs. 10,000 of income, 10 percent on the next Rs 20,000and 12 percent on the next Rs 30,000 would be:
Q19 | Which of the following taxes is the most likely to be regressive?
Q20 | Impact of tax refers to:
Q21 | Fiscal policy is the policy of:
Q22 | The principle of judging fiscal measures by the way they work is called:
Q23 | When individuals with unequal tax paying ability should be taxed unequally in order toequalise sacrifice is called:
Q24 | The following is an example of direct taxes:
Q25 | If the rate of tax falls with an increase in income, it is called:
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