Top 150+ Solved Public Finance MCQ Questions Answer
Q. ................... budget concept was first introduced in USA in 1964.
a. zero-base
b. no zero-base
c. surplus base
d. none of these
Q. Public debt is the debt owed by ................
a. industry
b. individual
c. central government
d. bank
Q. In a concept of budgetary deficit, ............... is always greater than the total revenue.
a. public expenditure
b. taxes amount
c. money supply
d. crr
Q. ............ tax is in the jurisdiction of the Central government.
a. land revenue
b. corporation tax
c. excise on alcohol
d. tax on electricity consumption
Q. In internal debt ................ are important.
a. external loans
b. market loans
c. personal loans
d. none of these
Q. Public debt in Indian Economy is .................... in nature.
a. increasing
b. decreasing
c. constant
d. none of these
Q. Fiscal Crisis was carried in ................. period.
a. planning
b. new economic policy
c. before indpendence
d. none of these
Q. Which of the following is a Revenue Receipt?
a. loan from the imf
b. grant received from the world bank
c. borrowing from the public
d. sale of the shares held by the government in hmt
Q. Which of the following is a Capital Receipt?
a. profit tax
b. railway ticket fare
c. fee of the government hospital
d. borrowing from the public
Q. Which one of the following is not the form of Tax Revenue?
a. income tax
b. sales tax
c. license fee
d. excise duty
Q. Identify the Capital Receipts
a. penalty
b. corporation tax
c. dividends on investments made by the government
d. sale of a public sector undertaking
Q. Existence of Centre State economic inequalities is known as
a. vertical imbalance
b. horizontal imbalance
c. parallel imbalance
d. none of these
Q. A multilevel decentralized fiscal system involving sharing of fiscal responsibilities between central,state and local governments is referred to as:
a. fiscal union
b. fiscal federalism
c. fiscal equalisation
d. fiscal generalism
Q. The system of assigning the source of revenue to the Central as well as State Governments isgenerally referred to as
a. public finance
b. distributive finance
c. unitary finance
d. federal finance