Question 1

The concept of Merit goods was developed by ................

Accepted Answer

A) musgrave 
B) marshall 
C) adam smith 
D) zak 
A) musgrave 
B) marshall 
C) adam smith 
D) zak A

Question 2

Which one of the following is not the form of Tax Revenue?

Accepted Answer

A) income tax 
B) sales tax 
C) license fee 
D) excise duty 
A) income tax 
B) sales tax 
C) license fee 
D) excise duty C

Question 3

Public debt in Indian Economy is .................... in nature.

Accepted Answer

A) increasing 
B) decreasing 
C) constant 
D) none of these 
A) increasing 
B) decreasing 
C) constant 
D) none of these A

Question 4

Fiscal Crisis was carried in ................. period.

Accepted Answer

A) planning 
B) new economic policy 
C) before indpendence 
D) none of these 
A) planning 
B) new economic policy 
C) before indpendence 
D) none of these

Question 5

Non-rival consumption is the feature of ..............

Accepted Answer

A) public good 
B) private good 
C) merit good 
D) necessary good 
A) public good 
B) private good 
C) merit good 
D) necessary good

Question 6

Debts that are repaid at some specific future date are known as

Accepted Answer

A) redeemable debts 
B) irredeemable debts 
C) treasury bill 
D) none of the above 
A) redeemable debts 
B) irredeemable debts 
C) treasury bill 
D) none of the above

Question 7

................... budget concept was first introduced in USA in 1964.

Accepted Answer

A) zero-base 
B) no zero-base 
C) surplus base 
D) none of these 
A) zero-base 
B) no zero-base 
C) surplus base 
D) none of these

Question 8

Which of the following is a Revenue Receipt?

Accepted Answer

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 
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

Question 9

The theory of second best was introduced by ...............

Accepted Answer

A) lipse and lancester 
B) allen and hicks 
C) samuelson and hicks 
D) horrod and dommor 
A) lipse and lancester 
B) allen and hicks 
C) samuelson and hicks 
D) horrod and dommor

Question 10

............ tax is in the jurisdiction of the Central government.

Accepted Answer

A) land revenue 
B) corporation tax 
C) excise on alcohol 
D) tax on electricity consumption 
A) land revenue 
B) corporation tax 
C) excise on alcohol 
D) tax on electricity consumption

Question 11

Wagner's Law of increasing ............ activities.

Accepted Answer

A) central 
B) state 
C) local 
D) one of these 
A) central 
B) state 
C) local 
D) one of these

Question 12

In internal debt ................ are important.

Accepted Answer

A) external loans 
B) market loans 
C) personal loans 
D) none of these 
A) external loans 
B) market loans 
C) personal loans 
D) none of these

Question 13

Existence of Centre State economic inequalities is known as

Accepted Answer

A) vertical imbalance 
B) horizontal imbalance 
C) parallel imbalance 
D) none of these 
A) vertical imbalance 
B) horizontal imbalance 
C) parallel imbalance 
D) none of these

Question 14

Wiseman-Peacock was studied expenditure of .............. in 1890-1955.

Accepted Answer

A) ussr 
B) usa 
C) uk 
D) none of these 
A) ussr 
B) usa 
C) uk 
D) none of these

Question 15

In a concept of budgetary deficit, ............... is always greater than the total revenue.

Accepted Answer

A) public expenditure 
B) taxes amount 
C) money supply 
D) crr 
A) public expenditure 
B) taxes amount 
C) money supply 
D) crr

Question 16

Which of the following is a Capital Receipt?

Accepted Answer

A) profit tax 
B) railway ticket fare 
C) fee of the government hospital 
D) borrowing from the public 
A) profit tax 
B) railway ticket fare 
C) fee of the government hospital 
D) borrowing from the public

Question 17

Identify the Capital Receipts

Accepted Answer

A) penalty 
B) corporation tax 
C) dividends on investments made by the government 
D) sale of a public sector undertaking 
A) penalty 
B) corporation tax 
C) dividends on investments made by the government 
D) sale of a public sector undertaking

Question 18

Social marginal productivity criteria was developed by ...........

Accepted Answer

A) malthus 
B) a. e. khan 
C) a. k. sen 
D) none of these 
A) malthus 
B) a. e. khan 
C) a. k. sen 
D) none of these

Question 19

External loans are raised from

Accepted Answer

A) idbi 
B) icici 
C) rbi 
D) wto 
A) idbi 
B) icici 
C) rbi 
D) wto

Question 20

Pure theory of public expenditure is based on ..............

Accepted Answer

A) benefit 
B) loss 
C) profit 
D) none of these 
A) benefit 
B) loss 
C) profit 
D) none of these

The concept of Merit goods was developed by ................

Which one of the following is not the form of Tax Revenue?

Public debt in Indian Economy is .................... in nature.

Fiscal Crisis was carried in ................. period.

Non-rival consumption is the feature of ..............

Debts that are repaid at some specific future date are known as

................... budget concept was first introduced in USA in 1964.

Which of the following is a Revenue Receipt?

The theory of second best was introduced by ...............

............ tax is in the jurisdiction of the Central government.

Wagner's Law of increasing ............ activities.

In internal debt ................ are important.

Existence of Centre State economic inequalities is known as

Wiseman-Peacock was studied expenditure of .............. in 1890-1955.

In a concept of budgetary deficit, ............... is always greater than the total revenue.

Which of the following is a Capital Receipt?

Identify the Capital Receipts

Social marginal productivity criteria was developed by ...........

External loans are raised from

Pure theory of public expenditure is based on ..............

Taxation and Budgeting: Concepts and Practices

Fiscal Policy and Taxation

Public Finance and Fiscal Policy

Economic Theories and Practices: Taxation, Fiscal Policy, and Public Expenditure

Public Finance and Government Budgeting

Taxation, Public Goods, and Finance Commission in India

Filters

Exam 3: Public Finance and Economic Concepts and Terms

The concept of Merit goods was developed by ................

Which one of the following is not the form of Tax Revenue?

Public debt in Indian Economy is .................... in nature.

Fiscal Crisis was carried in ................. period.

Non-rival consumption is the feature of ..............

Debts that are repaid at some specific future date are known as

................... budget concept was first introduced in USA in 1964.

Which of the following is a Revenue Receipt?

The theory of second best was introduced by ...............

............ tax is in the jurisdiction of the Central government.

Wagner's Law of increasing ............ activities.

In internal debt ................ are important.

Existence of Centre State economic inequalities is known as

Wiseman-Peacock was studied expenditure of .............. in 1890-1955.

In a concept of budgetary deficit, ............... is always greater than the total revenue.

Which of the following is a Capital Receipt?

Identify the Capital Receipts

Social marginal productivity criteria was developed by ...........

External loans are raised from

Pure theory of public expenditure is based on ..............

Taxation and Budgeting: Concepts and Practices

Fiscal Policy and Taxation

Public Finance and Fiscal Policy

Economic Theories and Practices: Taxation, Fiscal Policy, and Public Expenditure

Public Finance and Government Budgeting

Taxation, Public Goods, and Finance Commission in India

Filters