Smartindia Classroom
CONTENTS
Political Science
Economics
Geography
History
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Question-1
Nationalization occurs when:
(A)
The government sells assets to the private sector
(B)
The government bans a product
(C)
The government takes ownership of a business
(D)
The government taxes a product to raise its price
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
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-4
In ZBB every year is considered as a
(A)
Base year
(B)
Financial year
(C)
New year
(D)
Academic year
Question-5
__________ tax is a direct tax levied on income of person.
(A)
Corporation
(B)
Personal income
(C)
Central excise
(D)
Wealth
Question-6
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-7
Tax revenue deals with the
(A)
Fees
(B)
Kinds of taxes
(C)
Revenue
(D)
Non tax revenue
Question-8
Loans received from foreign government and bodies is __________ receipts.
(A)
Revenue receipts
(B)
Capital receipts
(C)
Both 1 & 2
(D)
None of these
Question-9
VAT is a good example of which kind of tax?
(A)
Direct
(B)
Ad valorem
(C)
Specific
(D)
Indirect tax
Question-10
__________ budget consist of capital receipts and payments.
(A)
Revenue
(B)
Capital
(C)
Both 1 and 2
(D)
None of these
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Tamil Nadu (English Medium)
Practice in Related Chapters
Nature and Scope of Economics
Basic Economic Problems
Theory of Consumer Behaviour
Demand and Supply
Equilibrium Price
Marginal Productivity Theory of Distribution
Production
Cost and Revenue
Market Structure and Planning
Fiscal Policy
Simple Theory of Income Determination
Monetary Policy
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