Smartindia Classroom
CONTENTS
Political Science
Economics
Geography
History
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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
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-3
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-4
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-5
In ZBB every year is considered as a
(A)
Base year
(B)
Financial year
(C)
New year
(D)
Academic year
Question-6
Which one of the following is indirect tax ?
(A)
Customs
(B)
Estate duty
(C)
Income tax
(D)
Wealth tax
Question-7
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-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
The federal form of government consists of
(A)
Central, state and local government
(B)
Central and state government
(C)
State and local government
(D)
All the above
Question-10
Fiscal policy is also known as
(A)
Monetary policy
(B)
Budgetary Policy
(C)
Economic policy
(D)
None of these above
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Plus 2 Humanities
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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