Public Finance-Online Practice Exam 1
Public Finance-Online Practice Exam 1

Public Finance-Online Practice Exam 1

NET / SET Online Practice Exams

Public Finance

Test

Multi-choice 1

Question

1. Market borrowings of the Central Government are included in-

Answers

Tax revenue

Non-tax revenue

Capital receipts

None of the above

Feedback

Question

2. In order to reduce inequalities, the government should adopt-

Answers

Regressive system of taxation

Progressive system of taxation

Proportional system of taxation

None of the above

Feedback

Question

3. In India, the states get maximum income from-

Answers

Sales Tax

Land Revenue

Agriculture income tax

State excise duties

Feedback

Question

4. Interest payment is an item of-

Answers

Revenue expenditure

Capital expenditure

Plan expenditure

None of the above

Feedback

Question

5. Loans of Public enterprises is a part of-

Answers

Capital expenditure

Revenue expenditure

Both revenue and capital expenditure

None of the above

Feedback

Question

6. All the revenues received, loans raised and money received in repayment of loans by the Union government go into-

Answers

Public Account of India

Consolidated Fund of India

Prime Minister’s Relief Fund

Contingency Fund of India

Feedback

Question

7. Indirect tax are objectionable because they

Answers

Are hard to collect

Are particularly hard on the rich

Are regressive

Do not raise enough revenue

Feedback

Question

8. Agricultural Income Tax is-

Answers

Levied and appropriated by the respective states

Levied by the Union, but collected and appropriated by the respective states

Levied and collected by the Union, but give over to the respective states

None of the above

Feedback

Question

9. The Economist on whose suggestions the Wealth Tax, Gift Tax and Expenditure Tax were introduced in India is-

Answers

Kaldor

Galbraith

V.KR.V. Rao

Amarthya Sen

Feedback

Question

10. The effect of deficit financing is-

Answers

Always inflationary

Never inflationary

Sometimes inflationary and sometimes not so depending on the response of output and the dose of deficit financing

Always inflationary unless accompanied by effective counteracting measures

Feedback

Prepared by www.myeconomics.info

"There is no joy in possession without sharing". Share this page.

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *