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    MCQ Public Finance

    Uploaded by

    Wild Gaming YT
    This document contains 25 multiple choice questions related to topics in public finance. The questions cover topics such as the scope of public finance, types of public authorities, distinguishing features of public vs private finance, principles of taxation like maximum social advantage, characteristics of taxes, objectives of taxes, canons of taxation, the Indian tax system, who bears the burden of direct and indirect taxes, sources of government revenue in India, examples of different types of goods like public goods, and economists who contributed principles and recommendations related to public finance and taxation.

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    Download as PDF, TXT or read online from Scribd

    MCQ Public Finance

    Uploaded by

    Wild Gaming YT
    278 views4 pages
    This document contains 25 multiple choice questions related to topics in public finance. The questions cover topics such as the scope of public finance, types of public authorities, distinguishing features of public vs private finance, principles of taxation like maximum social advantage, characteristics of taxes, objectives of taxes, canons of taxation, the Indian tax system, who bears the burden of direct and indirect taxes, sources of government revenue in India, examples of different types of goods like public goods, and economists who contributed principles and recommendations related to public finance and taxation.

    Original Description:

    These are the multiples of Public Finance...

    Original Title

    MCQ public finance

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    This document contains 25 multiple choice questions related to topics in public finance. The questions cover topics such as the scope of public finance, types of public authorities, distinguishing features of public vs private finance, principles of taxation like maximum social advantage, characteristics of taxes, objectives of taxes, canons of taxation, the Indian tax system, who bears the burden of direct and indirect taxes, sources of government revenue in India, examples of different types of goods like public goods, and economists who contributed principles and recommendations related to public finance and taxation.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    278 views4 pages

    MCQ Public Finance

    Uploaded by

    Wild Gaming YT
    This document contains 25 multiple choice questions related to topics in public finance. The questions cover topics such as the scope of public finance, types of public authorities, distinguishing features of public vs private finance, principles of taxation like maximum social advantage, characteristics of taxes, objectives of taxes, canons of taxation, the Indian tax system, who bears the burden of direct and indirect taxes, sources of government revenue in India, examples of different types of goods like public goods, and economists who contributed principles and recommendations related to public finance and taxation.

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    MULTIPLE CHOICE QUESTIONS

    1. Scope of public finance includes :


    (a) Public revenue
    (b) Public debt
    (c) Public expenditure (d) All of these

    2. Public Authorities Include:


    (a) Central Government
    (b) State Government (c) Local Government (d) All of these
    3. Which is the main point on the basis of which public finance can be
    separated from private finance:
    (a) Price policy
    (b) Borrowings
    (c) Secrecy
    (d) Elasticity in income
    4. The principle of Maximum Social Advantage have been suggested by
    (a) Pigou
    (b) Dalton
    (c) Musgrave
    (d) Adam Smith
    5. In the following which is the characterstic of a tax
    (a) Compulsory
    (b) optional
    (c) forced
    (d) nationality
    6. Which is the main objective of a tax:
    (a) Increase in consumption
    (b) increase in production
    (c) Raising public revenue
    (d) reduction in capital formation
    7. Among the following canons of taxation which one has been given by Adam
    Smith: (a) Canon of Uniformity
    (b) Canon of productivity
    (c) canon of diversity (d) canon of equity
    8. The Indian tax system is:
    (a) Proportional
    (b) Progressive
    (c) Regressive
    (d) Degressive
    9. The burden of direct taxes is borne by :
    (a) Rich person
    (b) poor person
    (c) on whom it is levied (d) none of these
    10. Indirect taxes have an element of :
    (a) Equitable
    (b) certainity
    (c) economical
    (d) encourage honesty
    11. Direct taxes have the element of :
    (a) Evasion
    (b) convenient
    (c) progressive
    (d) economy
    12. In proportional tax system, the rates of tax remain:
    (a) Constant
    (B) increasing
    (c) decreasing
    (d) zero
    13. Expenditure Tax for India was recommended by:
    (a) Kaldor
    (b) Colin Clarke
    (c) Adam Smith
    (d) Adolph Wagnor
    14. Corporate Income tax is the tax levied on: (a) Corporations
    (b) Municipalities
    (c) Co –operative societies
    (d) Companies
    15. Which of the following is the major source of revenue in India:
    (a) Direct tax
    (b) Capital Levy
    (c) Grants in aid
    (d) Indirect tax
    16. Which of the following is not a Commodity Tax: (a) Excise duty (b) Customs
    Duty (c) Coporation Tax (d) Octroi
    17. A duty levied on goods when they entering a town (a) Income tax (b) Octroi
    (c) Agricultural tax (d) Professional tax
    18. Special Assessment means: (a) A tax on special benefits (b) General tax on all
    people (c) A periodical tax (d) Gift tax
    19. Non-exclusion principle is related to: (a) Private goods (b) Public goods (c)
    Merit goods (d) Mixed goods
    20. Education is an example of: (a) Public good (b) Merit good (c) Social good (d)
    Club good
    21. Public Goods are: (a) Excludable (b) Non – excludable (c) Marketable (d) All
    of these
    22. Who is the father of Public Finance: (a) Dalton (b) Pigou (c) Smith (d)
    Musgrave
    23. Incidence of tax means: (a) Direct money burden (b) indirect money burden
    (c) actual tax burden (d) none of these
    24. Which is the tax shifting (a) To bear the tax burden himself (b) to shift the tax
    burden on others 9c) to bear some part of the tax himself and shift the rest
    on others (d) none of these
    25. The equity principle of taxation was propounded by: A) Adam Smith B) Dalton
    C) J. Say D) Marshall

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