Public Economics Questions and Answers in Quiz Form 7 for Practice

91. Advolorum duties are levied on

1. Length
2. Weight
3. Utilities
4. Value

92. Agricultural Holding Tax was recommended by

1. Adam Smith
2. K.N. Raj
3. Chelliah
4. Marshall

93. Among the following canons of taxation which one has been given by Adam Smith

1. Canon of Uniformity
2. Canon of productivity
3. canon of diversity
4. canon of equity

94. Author of General Theory of Employment, Interest and Money

1. Dalton
2. Marshal
3. Keynes
4. Musgrave

95. Capital Levy method has been advocated by

1. Keyenes
2. Musgrave
3. Ricardo
4. none of these

96. Central Assistance for State and UT plan is a part of

1. Plan Expenditure
2. Revenue Expenditure
3. Non-Plan Expenditure
4. None of the above

97. Chairman of the first Finance Commission

1. Chadha
2. K.C. Neogi
3. Santhanam
4. Y.V. Chavan

98. Corporate Income tax is the tax levied on

1. Corporations
2. Municipalities
3. Co-operative societies
4. Companies

99. Critical Limit Hypothesis was associated with the name of

1. Dalton
2. Colin Clarke
3. J.M. Keynes
4. Musgrave

100. Customs duties are imposed on commodities as they cross

1. State boundaries
2. District boundaries
3. National boundaries
4. Muncipal boundaries

101. Dalton has divided debt redemption fund into

1. Two parts
2. three parts
3. Four parts
4. Five parts

102. Deficit financing may lead to

1. Poverty
2. Unemployment
3. Inflation
4. Deflation

103. Deficit financing means

1. Public expenditure in excess of public revenue
2. Public revenue in excess of public expenditure
3. Both A and B
4. none of the above

104. Defict financing includes

1. Borrowing from the Central Bank
2. Issues of new currency by the Government
3. Withdrawal of past accumulated cash balance by the government
4. All the above

105. Direct taxes have the element of

1. Evasion
2. convenient
3. progressive
4. economy