Notes Public Finance-Online Practice Exam 3 November 23, 2023 April 19, 2024 NET / SET Online Practice Exams Public Finance Test Multi-choice 3 Question 1. According to JR. Hicks, technical progress is said to be neutral if it raises– Answers Option 1 the average productivity of labour and capital in the same proportion Option 2 the marginal physical productivity of labour and capital in the same proportion Option 3 the wage rate and the interest rate in the same proportion Option 4 the interest-rate and the profit-rate in the same proportion Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Budgetary deficit does not take into account- Answers Option 1 interest payment on public debt Option 2 revenue deficit Option 3 balance of payment deficit Option 4 capital budget deficit Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Tobin tax is a tax on- Answers Option 1 sales Option 2 transactions in foreign exchange Option 3 exports Option 4 imports Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. The Principle of Maximum Social Advantage is Answers Option 1 Taxation only Option 2 Expenditure only Option 3 Public debt only Option 4 Both taxation and public expenditure Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. The receipts from disinvestment of public sector undertakings are shown under which one of the following sub heads in the budget of the Government of India? Answers Option 1 Revenue receipts Option 2 Non-tax revenue receipts Option 3 Non-debt capital receipts Option 4 Debt capital receipts Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Which one of the following is not a source of the state tax revenue ? Answers Option 1 Land revenue Option 2 Motor vehicles tax Option 3 Corporate tax Option 4 Entertainment tax Feedback Wrong choice Incorrect option selected Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Cannon of equity in taxation is generally considered to be satisfied by Answers Option 1 Lamp sum tax Option 2 Progressive taxation Option 3 Regressive taxation Option 4 Proportional taxation Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Measures to unearth black money are Answers Option 1 Special Bearer Bonds Option 2 Voluntary Disclosure Scheme Option 3 Demonetisation Option 4 Foreign Remittance Scheme and Gold Bond Option 5 All of the above Feedback Incorrect selection Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The causes of black money are– Answers Option 1 Public expenditure programme Option 2 Inflation Option 3 Political finance and standard of Public morality Option 4 All of the above Feedback Wrong choice Incorrect selection Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. According to Raja J. Chelliah the black money is generated at the rate of — the country’s GDP. Answers Option 1 20% Option 2 40% Option 3 10% Option 4 15% Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Prepared by www.myeconomics.info << Prev Next >> "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook Twitter
Multi-choice 3 Question 1. According to JR. Hicks, technical progress is said to be neutral if it raises– Answers Option 1 the average productivity of labour and capital in the same proportion Option 2 the marginal physical productivity of labour and capital in the same proportion Option 3 the wage rate and the interest rate in the same proportion Option 4 the interest-rate and the profit-rate in the same proportion Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Budgetary deficit does not take into account- Answers Option 1 interest payment on public debt Option 2 revenue deficit Option 3 balance of payment deficit Option 4 capital budget deficit Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Tobin tax is a tax on- Answers Option 1 sales Option 2 transactions in foreign exchange Option 3 exports Option 4 imports Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. The Principle of Maximum Social Advantage is Answers Option 1 Taxation only Option 2 Expenditure only Option 3 Public debt only Option 4 Both taxation and public expenditure Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. The receipts from disinvestment of public sector undertakings are shown under which one of the following sub heads in the budget of the Government of India? Answers Option 1 Revenue receipts Option 2 Non-tax revenue receipts Option 3 Non-debt capital receipts Option 4 Debt capital receipts Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Which one of the following is not a source of the state tax revenue ? Answers Option 1 Land revenue Option 2 Motor vehicles tax Option 3 Corporate tax Option 4 Entertainment tax Feedback Wrong choice Incorrect option selected Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Cannon of equity in taxation is generally considered to be satisfied by Answers Option 1 Lamp sum tax Option 2 Progressive taxation Option 3 Regressive taxation Option 4 Proportional taxation Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Measures to unearth black money are Answers Option 1 Special Bearer Bonds Option 2 Voluntary Disclosure Scheme Option 3 Demonetisation Option 4 Foreign Remittance Scheme and Gold Bond Option 5 All of the above Feedback Incorrect selection Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The causes of black money are– Answers Option 1 Public expenditure programme Option 2 Inflation Option 3 Political finance and standard of Public morality Option 4 All of the above Feedback Wrong choice Incorrect selection Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. According to Raja J. Chelliah the black money is generated at the rate of — the country’s GDP. Answers Option 1 20% Option 2 40% Option 3 10% Option 4 15% Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)
Multi-choice 3 Question 1. According to JR. Hicks, technical progress is said to be neutral if it raises– Answers Option 1 the average productivity of labour and capital in the same proportion Option 2 the marginal physical productivity of labour and capital in the same proportion Option 3 the wage rate and the interest rate in the same proportion Option 4 the interest-rate and the profit-rate in the same proportion Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Budgetary deficit does not take into account- Answers Option 1 interest payment on public debt Option 2 revenue deficit Option 3 balance of payment deficit Option 4 capital budget deficit Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. Tobin tax is a tax on- Answers Option 1 sales Option 2 transactions in foreign exchange Option 3 exports Option 4 imports Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 4. The Principle of Maximum Social Advantage is Answers Option 1 Taxation only Option 2 Expenditure only Option 3 Public debt only Option 4 Both taxation and public expenditure Feedback Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 5. The receipts from disinvestment of public sector undertakings are shown under which one of the following sub heads in the budget of the Government of India? Answers Option 1 Revenue receipts Option 2 Non-tax revenue receipts Option 3 Non-debt capital receipts Option 4 Debt capital receipts Feedback Wrong choice Correct selection Incorrect option Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 6. Which one of the following is not a source of the state tax revenue ? Answers Option 1 Land revenue Option 2 Motor vehicles tax Option 3 Corporate tax Option 4 Entertainment tax Feedback Wrong choice Incorrect option selected Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 7. Cannon of equity in taxation is generally considered to be satisfied by Answers Option 1 Lamp sum tax Option 2 Progressive taxation Option 3 Regressive taxation Option 4 Proportional taxation Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 8. Measures to unearth black money are Answers Option 1 Special Bearer Bonds Option 2 Voluntary Disclosure Scheme Option 3 Demonetisation Option 4 Foreign Remittance Scheme and Gold Bond Option 5 All of the above Feedback Incorrect selection Wrong choice Incorrect option Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 9. The causes of black money are– Answers Option 1 Public expenditure programme Option 2 Inflation Option 3 Political finance and standard of Public morality Option 4 All of the above Feedback Wrong choice Incorrect selection Wrong choice Correct selection Solution Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Question 10. According to Raja J. Chelliah the black money is generated at the rate of — the country’s GDP. Answers Option 1 20% Option 2 40% Option 3 10% Option 4 15% Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback)
