Smartindia Classroom
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Political Science
Economics
Geography
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Question-1
Which one of the following is indirect tax ?
(A)
Customs
(B)
Estate duty
(C)
Income tax
(D)
Wealth tax
Question-2
_________ 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-3
__________ budget consist of capital receipts and payments.
(A)
Revenue
(B)
Capital
(C)
Both 1 and 2
(D)
None of these
Question-4
In ZBB every year is considered as a
(A)
Base year
(B)
Financial year
(C)
New year
(D)
Academic year
Question-5
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-6
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-7
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-8
Public finance is concerned with the income and expenditure of
(A)
Private sector
(B)
Agricultural sector
(C)
Public authorities
(D)
Industrial sector
Question-9
Tax revenue deals with the
(A)
Fees
(B)
Kinds of taxes
(C)
Revenue
(D)
Non tax revenue
Question-10
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
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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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