Smartindia Classroom
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Political Science
Economics
Geography
History
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Question-1
Loans received from foreign government and bodies is __________ receipts.
(A)
Revenue receipts
(B)
Capital receipts
(C)
Both 1 & 2
(D)
None of these
Question-2
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-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
Public finance is concerned with the income and expenditure of
(A)
Private sector
(B)
Agricultural sector
(C)
Public authorities
(D)
Industrial sector
Question-5
Which one of the following is indirect tax ?
(A)
Customs
(B)
Estate duty
(C)
Income tax
(D)
Wealth tax
Question-6
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-7
_________ 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
Question-8
__________ tax is a direct tax levied on income of person.
(A)
Corporation
(B)
Personal income
(C)
Central excise
(D)
Wealth
Question-9
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-10
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
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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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