Smartindia Classroom
CONTENTS
Political Science
Economics
Geography
History
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Question-1
The compulsory charge levied by the government is
(A)
Licence
(B)
Gifts and grants
(C)
Loan
(D)
Tax
Question-2
Fiscal policy is also known as
(A)
Monetary policy
(B)
Budgetary Policy
(C)
Economic policy
(D)
None of these above
Question-3
In ZBB every year is considered as a
(A)
Base year
(B)
Financial year
(C)
New year
(D)
Academic year
Question-4
VAT is a good example of which kind of tax?
(A)
Direct
(B)
Ad valorem
(C)
Specific
(D)
Indirect tax
Question-5
Which one of the following is indirect tax ?
(A)
Customs
(B)
Estate duty
(C)
Income tax
(D)
Wealth tax
Question-6
An example of an indirect tax is
(A)
Income tax
(B)
VAT
(C)
A tax of profits
(D)
Inheritance tax
Question-7
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-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
Monetary policy of the Government includes
(A)
Raising tax rates
(B)
Changing mode of financing Government expenditure
(C)
Credit policy
(D)
None of the above
Question-10
Public finance is concerned with the income and expenditure of
(A)
Private sector
(B)
Agricultural sector
(C)
Public authorities
(D)
Industrial sector
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Plus 2 Humanities
Tamil Nadu (English Medium)
Practice in Related Chapters
Nature and Scope of Economics
Basic Economic Problems
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Fiscal Policy
Simple Theory of Income Determination
Monetary Policy
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