Public Finance-Online Practice Exam 4
Public Finance-Online Practice Exam 4

Public Finance-Online Practice Exam 4

Test

Multi-choice 4

Question

1.  The Zero Base Budgeting approach has been adopted from-

Answers

April 1, 1986

April 1, 1987

April 1, 1988

April 31, 1987

Feedback

Question

2. Rekhi Committee deals with-

Answers

Direct Taxes

Indirect Taxes

Banking Sector

Bank Scam

Feedback

Question

3. The tax which is not shared by states is-

Answers

Sales tax

Income tax

Corporation tax

Central Excise duty

Feedback

Question

4. Development expenditure of the Central Government does not include

Answers

Interest payments

Expenditure on social and community services

Grants-in-aid to states and Union Territory

Expenditure on economic services

Feedback

Question

5. The important objectives of debt management in India are

Answers

To promote savings and provide more funds for investment in the public sector

To ensure large borrowing and debt retirement without sacrificing the objective of price

Both (A) and (B)

None of the above

Feedback

Question

6. The internal debt comprises

Answers

Market borrowing

Treasury bills

Special securities issued to RBI

All of the above

Feedback

Question

7. The Government may cover the deficit either by

Answers

Withdrawing its cash balances

Borrowing from Central bank and Commercial banks

Creating new money by resorting to printing press

All of the above

Feedback

Question

8. Deficit financing means

Answers

Public expenditure in excess of public revenue

Public revenue in excess of public expenditure

Both (A) and (B)

None of the above

Feedback

Question

9. Who amongst the following has not worked estimation of Black Money in India?

Answers

Sukhamoy Chakravarthy

N. Kaldor 

Dr. D. K. Rangnekar

O. P. Chopra

Feedback

Question

10. Arrange the introduction of the following taxes in India in chronological order-

  1. Service tax

  2. Income tax

  3. Banking cash transaction tax

  4. Gift tax

Answers

II, I, III, IV

II, IV, I, III

II, III, I, IV

IV, II, I, III

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Your email address will not be published.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 *