Top 80+ Solved Public Economics MCQ Questions Answer
Q. When expenditure exceeds total tax revenue, it is called:
a. surplus budget
b. balanced budget
c. deficit budget
d. none of these
Q. A pure private good is subject to:
a. non exclusion
b. exclusion
c. low satisfaction
d. none of thse
Q. Which of the following is not a fiscal instrument?
a. open market operations
b. public expenditure
c. taxation
d. none of these
Q. An increase in tax rate when tax base expands represents:
a. progressive taxation
b. regressive taxation
c. proportional taxation
d. none of these
Q. The name of the Chairman of the 11th Finance Commission
a. k.c. pant
b. a.m. kushro
c. r. j. chelliah
d. n.k.p. salve
Q. Income tax is based on the principle of:
a. ability to pay
b. willingness to pay
c. benefits received
d. none of these
Q. The Principle of Maximum Social Advantage is associated with:
a. dalton
b. pigou
c. seligman
d. hicks
Q. Which is not the characteristic of a tax?
a. import content
b. compulsory payment
c. non –compulsory payment
d. punishment to tax evader
Q. Special assessment means:
a. general tax on all people
b. gift tax
c. a tax for specific benefit conferred
d. none of these
Q. The Kelkar Proposals are concerned with:
a. recommendations for re4forms in the power sector
b. recommendations for tax reforms
c. guidelines for the privatization of public sector undertakings
d. none of the above
Q. In the case of direct tax, impact and incidence are on:
a. different person
b. same person
c. sellers
d. none of these
Q. The direct violation of Tax law is called:
a. tax evasion
b. tax avoidance
c. tax rebate
d. none of these
Q. The final resting place of the burden of tax is called:
a. tax avoidance
b. tax evasion
c. impact
d. incidence