12/9/2016
Basi c Econom i cs M C Qs wi th Answer s - Publ i c Fi nance
CSS :: Public Finance @ : Home > Econ cono omics > Public Financ Finance
1. Taxes are levied to to: A.Penalise A. Penalise people B.Provide B. Provide direct benefits to tax payers C.Provide C. Provide general benefits for the peopleD. people D.To To accumulate funds View Answer W Answer Wor kspace kspace Report Discuss in Forum 2. Whom of the following propounded principles of taxation: A.Keynes A. Keynes B.Marshall B. Marshall C. Adam Smith D.Al D. Al Ghazali View Answer Workspace Answer Workspace Report Discuss in Forum 3. Taxes on commodities are: A.Direct A. Direct taxes B.Indirect B. Indirect taxes C.Progressive C. Progressive tax taxes es D.Proportional D. Proportional taxes View Answer Workspace Answer Workspace Report Discuss in Forum 4. Govt. prepares its its budget: A.Weekly A. Weekly B.Monthly B. Monthly C.Quarterl C. Quarterly y D.Annually D. Annually View Answer W Answer Workspace Report Discuss in Forum 5. One of the following is NOT a feature feature of private private finance: A.Balancing A. Balancing of income and expenditure B. Secrecy C. Saving some part of income D.Publicity View Vie w Answer Workspace Answer Workspace Report Discuss in Forum 6. One of the following is NOT a feature of private finance: A.Publicity A. Publicity B.Secrecy B. Secrecy Efforts to balance income and C. D.Taking D. Taking steps to increase income expenditure View Answer Workspace Answer Workspace Report Discuss in Forum 7. It is direct tax: A.Excise A. Excise tax B.Sales B. Sales tax C.Income C. Income tax D.Custom D. Custom duty View Answer Workspace Answer Workspace Report Discuss in Forum 8. These are heads of expenditure of the government EXCEPT? A.Provide A. Provide social services B.Defence B. Defence C.Improve C. Improve transport and communication D. communication D.Provide Provide cosmetics View Answer Workspace Answer Workspace Report Discuss in Forum 9. The most important source of income of a government is: A.Foreign A. Foreign loans B.Taxes B. Taxes C. Printing of new money D.Sale D. Sale of government property View Answer Workspace Answer Workspace Report Discuss in Forum 10. Progressive taxes: Bring equality in distribution of incomes C.Act C. Act as penalty for rich people D.Both D. Both (a) & (b) View Answer Workspace Answer Workspace Report Discuss in Forum A.Increase A. Increase government revenue
B.
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Basic Economics MCQs with Answers - Public Finance
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