Notes Public Finance-Online Practice Exam 4 November 23, 2023 April 19, 2024 NET / SET Online Practice Exams Public Finance Test Multi-choice 4 Question 1. The Zero Base Budgeting approach has been adopted from- Answers Option 1 April 1, 1986 Option 2 April 1, 1987 Option 3 April 1, 1988 Option 4 April 31, 1987 Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Rekhi Committee deals with- Answers Option 1 Direct Taxes Option 2 Indirect Taxes Option 3 Banking Sector Option 4 Bank Scam Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. The tax which is not shared by states is- Answers Option 1 Sales tax Option 2 Income tax Option 3 Corporation tax Option 4 Central Excise duty Feedback Incorrect selection Wrong choice Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4. Development expenditure of the Central Government does not include Answers Option 1 Interest payments Option 2 Expenditure on social and community services Option 3 Grants-in-aid to states and Union Territory Option 4 Expenditure on economic services Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. The important objectives of debt management in India are Answers Option 1 To promote savings and provide more funds for investment in the public sector Option 2 To ensure large borrowing and debt retirement without sacrificing the objective of price Option 3 Both (A) and (B) Option 4 None of the above Feedback Wrong choice Incorrect selection Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 6. The internal debt comprises Answers Option 1 Market borrowing Option 2 Treasury bills Option 3 Special securities issued to RBI 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 7. The Government may cover the deficit either by Answers Option 1 Withdrawing its cash balances Option 2 Borrowing from Central bank and Commercial banks Option 3 Creating new money by resorting to printing press 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 8. Deficit financing means Answers Option 1 Public expenditure in excess of public revenue Option 2 Public revenue in excess of public expenditure Option 3 Both (A) and (B) Option 4 None of the above Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. Who amongst the following has not worked estimation of Black Money in India? Answers Option 1 Sukhamoy Chakravarthy Option 2 N. Kaldor Option 3 Dr. D. K. Rangnekar Option 4 O. P. Chopra Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Arrange the introduction of the following taxes in India in chronological order- Service tax Income tax Banking cash transaction tax Gift tax Answers Option 1 II, I, III, IV Option 2 II, IV, I, III Option 3 II, III, I, IV Option 4 IV, II, I, III Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (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 4 Question 1. The Zero Base Budgeting approach has been adopted from- Answers Option 1 April 1, 1986 Option 2 April 1, 1987 Option 3 April 1, 1988 Option 4 April 31, 1987 Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Rekhi Committee deals with- Answers Option 1 Direct Taxes Option 2 Indirect Taxes Option 3 Banking Sector Option 4 Bank Scam Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. The tax which is not shared by states is- Answers Option 1 Sales tax Option 2 Income tax Option 3 Corporation tax Option 4 Central Excise duty Feedback Incorrect selection Wrong choice Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4. Development expenditure of the Central Government does not include Answers Option 1 Interest payments Option 2 Expenditure on social and community services Option 3 Grants-in-aid to states and Union Territory Option 4 Expenditure on economic services Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. The important objectives of debt management in India are Answers Option 1 To promote savings and provide more funds for investment in the public sector Option 2 To ensure large borrowing and debt retirement without sacrificing the objective of price Option 3 Both (A) and (B) Option 4 None of the above Feedback Wrong choice Incorrect selection Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 6. The internal debt comprises Answers Option 1 Market borrowing Option 2 Treasury bills Option 3 Special securities issued to RBI 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 7. The Government may cover the deficit either by Answers Option 1 Withdrawing its cash balances Option 2 Borrowing from Central bank and Commercial banks Option 3 Creating new money by resorting to printing press 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 8. Deficit financing means Answers Option 1 Public expenditure in excess of public revenue Option 2 Public revenue in excess of public expenditure Option 3 Both (A) and (B) Option 4 None of the above Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. Who amongst the following has not worked estimation of Black Money in India? Answers Option 1 Sukhamoy Chakravarthy Option 2 N. Kaldor Option 3 Dr. D. K. Rangnekar Option 4 O. P. Chopra Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Arrange the introduction of the following taxes in India in chronological order- Service tax Income tax Banking cash transaction tax Gift tax Answers Option 1 II, I, III, IV Option 2 II, IV, I, III Option 3 II, III, I, IV Option 4 IV, II, I, III Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)
Multi-choice 4 Question 1. The Zero Base Budgeting approach has been adopted from- Answers Option 1 April 1, 1986 Option 2 April 1, 1987 Option 3 April 1, 1988 Option 4 April 31, 1987 Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 2. Rekhi Committee deals with- Answers Option 1 Direct Taxes Option 2 Indirect Taxes Option 3 Banking Sector Option 4 Bank Scam Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Question 3. The tax which is not shared by states is- Answers Option 1 Sales tax Option 2 Income tax Option 3 Corporation tax Option 4 Central Excise duty Feedback Incorrect selection Wrong choice Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 4. Development expenditure of the Central Government does not include Answers Option 1 Interest payments Option 2 Expenditure on social and community services Option 3 Grants-in-aid to states and Union Territory Option 4 Expenditure on economic services Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 5. The important objectives of debt management in India are Answers Option 1 To promote savings and provide more funds for investment in the public sector Option 2 To ensure large borrowing and debt retirement without sacrificing the objective of price Option 3 Both (A) and (B) Option 4 None of the above Feedback Wrong choice Incorrect selection Correct selection Wrong choice Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Question 6. The internal debt comprises Answers Option 1 Market borrowing Option 2 Treasury bills Option 3 Special securities issued to RBI 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 7. The Government may cover the deficit either by Answers Option 1 Withdrawing its cash balances Option 2 Borrowing from Central bank and Commercial banks Option 3 Creating new money by resorting to printing press 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 8. Deficit financing means Answers Option 1 Public expenditure in excess of public revenue Option 2 Public revenue in excess of public expenditure Option 3 Both (A) and (B) Option 4 None of the above Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 9. Who amongst the following has not worked estimation of Black Money in India? Answers Option 1 Sukhamoy Chakravarthy Option 2 N. Kaldor Option 3 Dr. D. K. Rangnekar Option 4 O. P. Chopra Feedback Correct selection Wrong choice Incorrect selection Wrong choice Solution Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback) Wrong (Feedback) Question 10. Arrange the introduction of the following taxes in India in chronological order- Service tax Income tax Banking cash transaction tax Gift tax Answers Option 1 II, I, III, IV Option 2 II, IV, I, III Option 3 II, III, I, IV Option 4 IV, II, I, III Feedback Wrong choice Correct selection Incorrect selection Wrong choice Solution Wrong (Feedback) Correct Option (Feedback) Wrong (Feedback) Wrong (Feedback)
