Public Economics Objective Questions | MCQ Quiz for Practice

61. Which one of the following is a tax base

1. Income
2. utility
3. Intelligence
4. No of these

62. Which one of the following is an optional function of Government?

1. Defense
2. Old Age Security
3. Law and Order
4. None of these

63. Which one of the following is not a method for redeeming public debt?

1. Sinking fund
2. Capital levy
3. Terminal annuities
4. Grants in aid

64. Which one of the following is not a public utility?

1. Electricity
2. Water supply
3. Gas service
4. Tourism

65. Which one of the following is not a tax base?

1. Income
2. wealth
3. Utility
4. Consumption

66. Which one of the following is the most acceptable theory of taxation

1. Benefit theory
2. Cost of service theory
3. Ability to pay theory
4. None of these

67. Which one of the following taxes is levied by the State Government only?

1. Entertainment tax
2. Corporation tax
3. Wealth tax
4. Income tax

68. Which tax cannot be shifted to others?

1. Excise duty
2. Sales tax
3. Entertainment tax
4. Wealth tax

69. Who is the author of the book The Theory of Public Finance?

1. Dalton
2. R A Musgrave
3. A.R. Prest
4. Harvey Rosen

70. Who is the exponent of Law of Increasing State Activities?

1. Dalton
2. Pigou
3. Smith
4. Wagner

71. Who is the father of Public Finance

1. Dalton
2. Pigou
3. Smith
4. Musgrave

72. Who proposed the Zero-based budgeting for the first time

1. David Ricardo
2. Alfred marshall
3. Adam Smith
4. Peter Phyrr

73. Wiseman-Peacock hypotheses supports in a much stronger manner the possibility of

1. An upward trend in public expenditure
2. A downward trend in public expenditure
3. A constancy of public expenditure
4. A mixed trend in public expenditure

74. .......... is a special type of once for all tax on capital imposed to repay war debts.

1. Repudiation
2. Refunding
3. Conversion
4. Capital levy

75. ........... is the process of replacing maturing securities with new securities.

1. Repudiation
2. Refunding
3. Conversion
4. Capital levy