Public Economics Questions and Answers in Quiz Form 8 for Practice

106. Education is an example of

1. Public good
2. Merit good
3. Social good
4. Club good

107. Education is an example of

1. Private good
2. Public good
3. merit good
4. mixed good

108. Elastic revenue response to marginal tax rate reductions is called

1. Marginal tax curve
2. Functional curve
3. Laffer curve
4. None of these

109. Equals treated equally in taxation leads to

1. Vertical equity
2. Real equity
3. Horizontal equity
4. None

110. Equals treated equally in taxation leads to

1. Vertical equity
2. Real equity
3. Horizontal equity
4. None

111. Escheat is an example of

1. Direct tax
2. Indirect tax
3. Both a & b
4. none of these

112. Existence of Centre State economic inequalities is known as

1. Vertical imbalance
2. Horizontal Imbalance
3. parallel imbalance
4. none of these

113. Expenditure Tax for India was recommended by

1. Kaldor
2. Colin Clarke
3. Adam Smith
4. Adolph Wagnor

114. Federal Finance deals with

1. State finances
2. Finances of railways
3. Local bodies
4. Centre-State financial relations

115. Finance Commission determines

1. The finances of Government of India
2. The resources transfer to the State
3. The resources transfer to the various departments
4. none of the above

116. Formation of...............is the actual method of debt redemption

1. Sinking fund
2. Capital levy
3. Conversion
4. Repudiation

117. free rider problem is one of the characteristics of

1. Private good
2. Public good
3. merit good
4. mixed good

118. Functional Finance concept was introduced by

1. Marx and Angels
2. Keynes and Lerner
3. Dalton and Pigou
4. J.S. Mill

119. Functional Finance functions through

1. Buying and selling
2. giving and taking
3. Lending and borrowing
4. All the above

120. Gender budgeting started in India with the Union budget of

1. 1991-92
2. 2001-02
3. 2006-07
4. 2010-11