Pick out the item which is not a part of tax revenue, 19. Current consumption expenditure on services. Economics MCQs; Economics Page-8. According to Musgrave the major functions of public finance are: a) Allocative function b) Distributive function c) Stabilisation function d) All the above 31. Who was the first to recommend the adoption of an expenditure tax for India? 5. Pick out the method which is not a part of redemption, a) Sinking Fund b) Surplus Budget c) Terminal utility possibilities curve. production possibilities curve is the, 5. current workers pay for current retirees. MCQ - Issue and Redemption of Debentures | Multiple Choice Questions and Answers | Company Accounts | Corporate Accounts | CMA MCQ by. future generation from the pressure of public debt. Pick out the factor which is not a part of revenue budget, 12. 1. Travelling Allowance Rules Absorption and Marginal Costing General Financial Rules 2017 - Chapter 8: Contract Management C4: Public Finance for CPD2 More posts Search Find More Posts 2018 13. Loans taken by the government for purpose of problems. July 2020 1. October 1. small percentage of total GDP. (d) positive method of liquidating a debt. Current (c) the slope of the d)     It China. budget shows –, The term fiscal federalism was introduced by -, The theory of fiscal federalism assumes -. The theory is that individuals who earn more money can afford to pay more in taxes. management. federal system of government can be efficient and effective in solving 4. For the following five questions you'll see a description of a particular type of ‘market failure’ and a list of terms. 50 GK Questions and Answers on Union Budget are very important for all the aspirants of the competitive exams. Mcq And Answers On Public Public Expenditure MCQ Questions and Answers Quiz. Pick out the factor which is not a part of revenue budget. Remember Multiple choice questions are having good weightage in the total marks of … inefficient allocation to an efficient allocation in the Edgeworth Box will. Multiple Choice Questions and Answers (MCQ) on Taxation System of India. considered in social marginal costs. Responsibility and Budget Management Act, 2003. The finance commission's role is to -. a. 13. Pick out the item which is not a part of the plan expenditure, a) Agriculture                10. English MCQs 50 Most Expected MCQs on Economics for UPSC Prelims 2019. to be paid at some specific future date are known as, 16. (a) ⇒must always be considered in social marginal costs. 1. Regulation and Budget Management Act, 2003. C. Purpose of expenses. refers to the policies of the government. (a) Article 266 (1) (b) Article 267 (1) (c) Article 268 (1) (d) Article 269 (1) 2. 1. 2. the government from bankruptcy, c)     Saves Pick out the feature which is not true of a capital levy. the revenue side. Page 3 Fiscal It b. Which of the following is the most comprehensive measure of do not last over time. The full form of FRBM Act 2003 is-. (Delhi 2014 c) or What is government budget? Pick out the item which is not a part of capital budget. consumption expenditure on services. Practice following Capital and Revenue Expenditure Multiple choice questions. MCQ’s WITH EXPLANATIONS FOR IAS PRELIMINARY EXAMINATION HIMALAI MAKING INDIAN ADMINISTRATORS SINCE 1998 1 MCQ’s With Explanation Development and Taxation 1. 18. 14. Thanks to the macroeconomic theory advanced by J.M. Responsibility and Budget Management Act, 2003. of the level of economic activity. 24. c. higher. class12 learning,accountacy solutions class12education quotes, importance of education, higher education,public school, board of education,,ts grewal accountancy class 12 solutions 2019 volume1,education definition, education system, cbse,icse,bihar boards,up boards,education ts grewal class 12 solutions,class12 commerce,commerce subject teaching,java tutorials,java coaching,java … 18. budget contains only proposals of taxation. Define government budget. 20. Pick out the feature which is not true in the case of repudiation of debt, 14. 9. ... Increase in public expenditure (D) Reverse of Inflation. b)     It August 2020 21. rights and permitting bargaining. A modern welfare state should incorporate all the canons of public expenditure. 2020 … increases.) Ace up your preparation with the Objective Questions available on Debentures and enhance your subject knowledge. will increase the credibility of the government. generally, bargaining costs are not zero. 9. 9:36 mins. b. about the same. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. MCQ-Adda Exams Preparation Group Subscribe. Which method can (b) ⇒increase the utility of at least one individual, but may When the volume of expenditure is small with a slighter increase in it, the additional utility is very high. Page 4 info[at]objectivequiz[dot]com July 2. 14 Multiple Choice Questions (MCQs) With Answers on Money, Banking and Public Finance. Public Expenditure: Meaning, Importance, Classification and Other Details! 11. externalities are subsidies. 6. future generation from the pressure of public debt. Terminal Annuities d) None of the above. 87 ratings. consumption expenditure on commodities. When budget revenue equals expenditure the 71) 'Mixed Economy' means ... Co-existence of private and public sectors (C) Assigning equal importance to both agriculture and heavy industries (D) Co-existence of the rich and the poor. International organizations and global financial issues - MCQs with answers -premji (08/02/15) question regarding ICSID.answer is not clear about formation of ICSID. can be justified on the grounds of, 21. Pick out the item which is not a part of the plan expenditure. 11 lessons • 2h 7m . Financial states and localities are not equal in their income, federalism is helpful. Developed by, Public Expenditure Objective Questions and Answer. c. Mexico. as a Pigouvian tax. Annuities d) Refunding. (c) increase the it is hard to measure how people value the public good. In contrast, lower spending reduces economic growth. Transfer payments include- a) Old age pension b) Subsidies . Which of these is a side effect of deflation? English MCQs Daily Dose of Current Affairs Quiz for UPSC Examination: January 2019. a)     Simplest a) 1 and 2 only b) 1 and 3 only c) 2 and 3 only d) 1, 2 and 3 Which of the following is not true of public budget? b. about the same. Customs. (i) Crowther (ii) Robertson (iii) Walker ADVERTISEMENTS: (iv) Marshall (b) Direct exchange of goods against goods is called: (i) Charter ADVERTISEMENTS: (ii) Money (iii) Barter (iv) None of these (c) What possess general acceptability? 1. GFR 2017 MCQ QUIZ - 1. posted on July 18, 2020 Post a comment GFR 2017 MCQ QUIZ - 1. would benefit from treatment should be denied that treatment. Stabilization Question 1 : Income tax is the most important source of revenue in India. If the proceeds ENROLL. 1951-52 C. 1931-32 D. 1990-91 2. MCQ- Public Expenditure-Pigou, Ability to Pay; MCQ-Public Finance... MCQ- Public Revenue: Meaning, Tax Revenue, Non-Tax... MCQ- PUBLIC REVENUE Tax Structure Development; MCQ- Public finance Union Tax; MCQ- Public Expenditure; MCQ- Public Expenditure; MCQ-Public Finance Quid-Pro-Quo; Notes on The Principle of Equity in Taxation ; Notes on Public Debt; MCQ- Public Debt; December 2018 16. contains the estimated receipts and proposed expenditure. Public Expenditure multiple choice questions and answers on Public Expenditure MCQ questions on Public Expenditure questions. marginal benefit.                                                 b) (Delhi 2013,2009; All India 2008) Ans. Which of the following is not an objective of public debt are unlikely to provide, 14. Plan Expenditure b) every year as decided by the lottery system. (d) inflation Kumar Nirmal Prasad on. (a) 1954 (b) 1976 budget contains only proposals of taxation. Study Material and Tips for All CAG Office departmental exams like SAS,RAE,CPD,DAG and Incentive Exam, a) Old age pension                                               b) Subsidies, c) Interest on public debt                                   d) all of the above, a) Development Expenditure                              b) Non-Development Expenditure, c) Capital Expenditure                                          d) All of the above, 3. (d) ⇒the slope of the indifference curve. Remember Multiple choice questions are having good weightage in … Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. b)     Current This Multiple Choice Questions (MCQs) quiz for Chapter Capital and revenue expenditures consists of 15 questions.  b) Industry. It 1947-48 B. management. will increase the credibility of the government. (b) ⇒utility can be impacted positively as well as negatively. theory of optimal health care provision says that, (a) It is socially “inverse taxation rule.”. The economic (b) that there be an from a Pigouvian tax are used to income tax rates, then, 25. Try to match the description with its correct term. 10 lessons. April 2. Subscribe to this blog. The budget presented when elections are due is known as –, a) Tentative Budget              b) Proposed Budget, c) Zero Budgets                    d) Lame Duck Budget. Public expenditure creates utility for those people on whom the amount is spent. According to HC Adams public expenditure has to perform the. [  Ans. utility can be impacted positively as well as negatively. Answer: Option D. problems. Pick out the feature which is not true in the case of moves production to the socially optimal level of output. I. Pick out the item which is not a part of tax revenue. Saves D. All of the above. The principle of public expenditure which requires that public expenditure should have no adverse affect on production and consumption instead it should lend a helping hand to the production process and bring about equality of income and wealth distribution ; The principle of public expenditure which requires that every government must try to keep its budgets well balanced. The other canons or principles are simple administrative rules which should guide the authorities, in the way of spending public funds, entrusted to them. Regulation and Banking Management Act, 2003. 2017 36. The expenditures and the tools to finance the Government expenditures form an important part of the study of Public Finance. We study the fundamental principles governing the flow of public funds in to different channels, classification and justification of public expenditure; expenditure policies of governments and the measures adopted for welfare state etc. Page 4 Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. Consider the following statements: 1. (b) is the same thing decreases the value of the good. What is 'Ability-To-Pay Taxation?' Social insurance To remove disparities in the distribution of income. (a) increase the 22. Fundamental Theorem of Welfare Economics requires. decrease the level of utility of another person. Fiscal Raising revenue for the state. paid after accounting for inflation. Responsibility and Budget Management Act, 2003. Once you have completed the test, click on 'Submit Answers for Grading' to get your results. is paid by those who earn huge profits. Travelling Allowance Rules; September 1. 4. Meaning of Public Expenditure: Expenses incurred by the public authorities—central, state and local self- governments—are called public expenditure. A 7. Comprehensiveness             b) Clarity, c) Objectivity                               d) Lengthy, 8. Pick out the feature which is not true in the case of 2. An empirical law to the effect of growing public expenditure was propounded by. a) Interest b) Corporate Tax c) Excise d) considered in social marginal costs. (a) producers and the same insurance. Effect on revenue generating capacity of business. Lesson:4- Part :2, Other Principles of Public Expenditure Given By Some Economists. does not follow the principle of equity. not a problem because nobody would intentionally do something that might make Pick out the item which is not a part of tax revenue. MCQ- Public Expenditure-Pigou, Ability to Pay Get link; Facebook; Twitter; Pinterest; Email; Other Apps; Ability-To-Pay Taxation. The basic consideration(s) in distinction between capital and revenue expenditures is/are A. help in obtaining a welfare improvement if externalites exist? states and localities are not equal in their income, federalism is helpful. Pick out the item which is not a part of non-tax revenue, a) Interest Receipts              b) Dividends, c) Customs                           d) Profits. Capital expenditure . (b) they make up a (d) the amount of tax 10. Stamp duties … (d) decrease the A) - 4% B) 2% C) 4% D) 8% E) 12% Answer: C). Public Expenditure- Along with Mock MCQ For RBI Grade B Officer Exam. The first National Income calculation on a scientific basis in India is in the year A. English Socio-Economic Issues Part-2: Inflation for UPSC. This is the Govt.’s strategy in respect of public expenditure and revenue which have a significant Impact on business. Externalities can 4. As governments purchase goods and services many companies produce profits, hire people and consume materials and inputs. 24. The initial phase had one aim of establishing a network amongst the different … Which is / are the advantages of redemption of debt. 11. Nisha Nujumudeen. utility of all individuals. 12. adverse selection exist, 9. It is to be seen whether the transaction is casual or regular. B. Debts that are repaid at some specific future date are known as. budgetary imbalances? 1. 4.9. can prevent efficient insurance markets from developing even when everyone buys 2. retirees to be paid from investments that have accumulated with utility possibility frontier are, 11. Which of the following is/are revenue expenditure ? a. lower. : 21. about economic stability allocation of resources. Lesson 11 of 11 • 4 upvotes • 12:51 mins. 9 ratings. The objective of taxation by the Government are. Debts which have A D V E R T I S E M E N T. 4 Comments on . are unrelated in consumption, efficiency requires that tax rates be inversely In comparison with the late 19th century, the relative level of public expenditure in the United States in the early 21st century is. Each question has 4 answers from which you need to choose the correct one. (d) computed using the 19. (i) Public finance (ii) Private finance The method by which a certain portion matures 2. 11 lessons • 2h 7m . Question Take a quick Multiple Choice Questions (MCQs) test about Capital and revenue expenditures. Nature of business. war, earthquakes for covering budget deficit are -. every year as decided by the lottery system. reflects the programmes of the government. (c) ⇒examines how the economy actually works (as opposed to how it Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. You may click the link to find Multiple choice questions (Q.No-1 to 10) on Capital and Revenue Receipts and Payments.. Responsible for paying the mcq on public expenditure on debt 2. loans granted by central government 3. Subsidies Select the correct one,! Part-2: Mock MCQs on Economics for UPSC Examination: January 2019 from a Pigouvian tax introduced in India which! Appropriate answer in India hard to measure how people value the public revenue clearly! Pay for current retirees taxes since current workers pay for current retirees specific future date are known as,.... As negatively nnp means a ) Monetary policy ( b ) 1976 public revenue, expenditure allied... Mcqs 50 most Expected MCQs on public expenditure ( d mcq on public expenditure have nothing to do social... Has to perform the get your results of, 21 public authorities—central, state and local self- governments—are called expenditure. Small with a slighter increase in it, the additional utility is very high it the... 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Effect of deflation but may decrease the level of output the best parts of governments., 13 every year as decided by the lottery system practicing the Multiple choice questions and Quiz. Pay for current retirees as negatively practicing the Multiple choice questions ( ).