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Political Science
Economics
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Question-1
A public good
(A)
Is provided by the government
(B)
Is free
(C)
Has the properties of being non executable and non diminishable
(D)
Has external cost
Question-2
Public finance is concerned with the income and expenditure of
(A)
Private sector
(B)
Agricultural sector
(C)
Public authorities
(D)
Industrial sector
Question-3
Which one of the following is revenue expenditure?
(A)
payment of interest
(B)
Purchase of building
(C)
Purchase of machinery
(D)
Loans granted to a state government
Question-4
Which of the following is preferred for govt budgets ?
(A)
Surplus budget
(B)
Deficit budget
(C)
Balanced budget
(D)
Budget
Question-5
__________ budget consist of capital receipts and payments.
(A)
Revenue
(B)
Capital
(C)
Both 1 and 2
(D)
None of these
Question-6
VAT is a good example of which kind of tax?
(A)
Direct
(B)
Ad valorem
(C)
Specific
(D)
Indirect tax
Question-7
Taxes levied on the imports and exports of goods are known as
(A)
Personal income tax
(B)
Corporation tax
(C)
Custom duties
(D)
Central excise
Question-8
Tax incidence is the
(A)
Behaviour of shifting the tax to another party
(B)
Structure of the tax
(C)
Ultimate distribution of a tax's burden
(D)
Measure of the impact the tax has on employment and output
Question-9
The compulsory charge levied by the government is
(A)
Licence
(B)
Gifts and grants
(C)
Loan
(D)
Tax
Question-10
_________ budget is a situation, in which estimated revenue of the government during the year is equal to its anticipated expenditure.
(A)
Surplus
(B)
Balanced
(C)
Deficit
(D)
None of these
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Tamil Nadu (English Medium)
Practice in Related Chapters
Nature and Scope of Economics
Basic Economic Problems
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Cost and Revenue
Market Structure and Planning
Fiscal Policy
Simple Theory of Income Determination
Monetary Policy
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