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This set of Public Economics Multiple Choice Questions & Answers (MCQs) focuses on Public Economics Set 4

Q1 | Printing of new currency notes and RBI borrowings by government is called:
Q2 | Which of the following is not a characteristic of a tax?
Q3 | Which of the following is not the broad component of Property Rights?
Q4 | When property rights are settled by means of bargaining or negotiating terms, what has been applied?
Q5 | Following are some of examples of Transfer Expenditure EXCEPT:
Q6 | All other things being equal, a substantial cut in the rate of income tax in the short run is most likely to reduce:
Q7 | Which of the following is NOT the effect of taxation on production?
Q8 | A tax either on consumers or on producers:
Q9 | The direct violation of Tax law is called:
Q10 | In the case of relatively elastic demand, the money burden of tax is on:
Q11 | With increase in urbanisation and industrialisation, the role of Government started:
Q12 | Which of the following is NOT the subject matter of Public Finance?
Q13 | The most important aim of fiscal policy in a developing country is:
Q14 | .If a good is a public good, then:
Q15 | A market failure can best be defined as a situation where:
Q16 | The “Tragedy of the Commons” is:
Q17 | A tax that takes away a higher proportion of one's income as the income rises is termed as a:
Q18 | Loans taken by the government for purpose of war, earthquakes for covering budget deficit are:
Q19 | The incidence of tax refers to:
Q20 | In the case of direct tax, impact and incidence are on: