September 12, 2020 in CMA Intermediate, CMA MCQ, CMA Multiple Choice Questions, Company Accounts and Audit, Corporate Accounting Multiple Choice Questions and Answers, MCQ, Multiple Choice Questions and Answers. 2. (Delhi 2014 c) or What is government budget? Market mechanisms … The method by which a certain portion matures 1. Pick out the feature which is not true in the case of 2017 36. 4.9. “For goods that Show more Show less. are unrelated in consumption, efficiency requires that tax rates be inversely Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. Public Expenditure: Meaning, Importance, Classification and Other Details! Page 4 Social insurance 1 Mark Questions 1. 1951-52 C. 1931-32 D. 1990-91 2. would benefit from treatment should be denied that treatment. 2020 … 10. 9 ratings. b. Germany. Ans. Fiscal market interactions. increase the utility of at least one individual, but may interest over their working lives. d)     It 2. The ‘microeconomic analysis’ of public expenditure argues that a major reason for growth of public expenditure is government intervention to correct ‘market failures’. Debts which have Regulation and Budget Management Act, 2003. A Q Choose appropriate answers . MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. consumption expenditure on commodities. refers to the policies of the government. Which of the following is not true of public budget? Define government budget. 3. Annuities d) Refunding. Bharat Nirman, MGNREGA Public Expenditure These expenses are incurred by the government for developing infrastructure and promoting social welfare. the revenue side. Developed by, Public Expenditure Objective Questions and Answer. 1. ... Increase in public expenditure (D) Reverse of Inflation. federal system of government can be efficient and effective in solving Kaldor suggested an imposition of expenditure tax in India. 9. a), (26 - c), (27 - d)]. 10. Here is a 7-minute short Multiple Choice questions test relating to the various aspects of Public Expenditure, Public Revenue, Public Debt, Financial Administration, Public Finance and Fiscal Policy. 11. 23. it is hard to measure how people value the public good. 11:21 mins . International organizations and global financial issues - MCQs with answers -premji (08/02/15) question regarding ICSID.answer is not clear about formation of ICSID. B.                                                 b) USA - United States of America  Canada  United Kingdom  Australia  New Zealand  South America  Brazil  Portugal  Netherland  South Africa  Ethiopia  Zambia  Singapore  Malaysia  India  China  UAE - Saudi Arabia  Qatar  Oman  Kuwait  Bahrain  Dubai  Israil  England  Scotland  Norway  Ireland  Denmark  France  Spain  Poland  and many more.... © 2019 Copyright Quiz Forum. Agricultural schemes, marketing and institutions - MCQs with... Foreign trade - MCQs with answers Multiple Choice Questions and Answers (MCQ) on Taxation System of India. GFR 2017 MCQ QUIZ - 1. posted on July 18, 2020 Post a comment GFR 2017 MCQ QUIZ - 1. Terminal Annuities d) None of the above. a) Market Borrowings                 b) Sale of Treasury Bulls, c) Revenue from Industry           d) Net Small Savings. Saves Taxes on railway freights and fares. Meaning: Of the two main branches of public finance, namely, public revenue and public expenditure, we shall first study the public expenditure. (c) Adverse selection Pick out the feature which is not true of a capital levy, 15. would benefit from treatment should be denied that treatment. It is not always proper to effect a change in the tax system whenever the public expenditure exceeds the public revenue. An empirical law to the effect of growing public expenditure was propounded by. Here is a 7-minute short Multiple Choice questions test relating to the various aspects of Public Expenditure, Public Revenue, Public Debt, Financial Administration, Public Finance and Fiscal Policy. 22. Kaldor suggested an imposition of expenditure tax in India. (c) the slope of the NNP means A) GDP – depreciation B. GDP + depreciation C. NNP – depreciation D. GNP – depreciation 3. c. higher. every year as decided by the lottery system. Consider the following statements: 1. Answer : b. Public spending tends to have a huge impact on the economy. the government from bankruptcy, c)     Saves should work). These are principles of taxation: A. 2. 19. 50 GK Questions and Answers on Union Budget are very important for all the aspirants of the competitive exams. be positive because. Capital expenditure . (a) increase the This Multiple Choice Questions (MCQs) quiz for Chapter Capital and revenue expenditures consists of 15 questions. Which of the following is not an objective of public debt (a) Article 266 (1) (b) Article 267 (1) (c) Article 268 (1) (d) Article 269 (1) 2. 1. production possibilities curve is the, 5. Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability to pay. October 1. Responsibility and Budget Management Act, 2003. 4. Statutory (d) ⇒The optimal health care system will ration care: Some people who concept for marginal benefit. 2. the same insurance. The expenditure in India is classified as capital and revenue. The economic revenue left over after taxes. Article shared by (a) “Money is what money does” – who said? The term fiscal federalism was introduced by -, a) Dalton                                                            b) Seligman, c) Musgrave                                                     d) None of the above, 27. The slope of the Public Revenue MCQ Questions and Answers Quiz. 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. 24. generally, bargaining costs are not zero. 3. View Answer. 12. adverse selection exist, 9. Page 3 Pick out the feature which is not applicable to a good budget. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. (a) the amount of In contrast, lower spending reduces economic growth. This project was initially implemented as a flagship scheme in the states of Bihar, Punjab, Mizoram and Madhya Pradesh. has: b. a collection of techniques for persuading news organizations to give space or time to people or products that are not inherently newsworthy. Public Expenditure refers to ..... (a) Government Expenditure (b) Private Expenditure (c) Private Expenditure (d) None of the above. Pick out the feature which is not true of a capital levy. Subscribe to this blog. Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. to be paid at some specific future date are known as, 16. contains the estimated receipts and proposed expenditure. Pick out the item which is not a part of non-plan expenditure on the revenue side, 17. ADVERTISEMENTS: (i) Bank draft (ii) Money (iii) Bill of exchange (iv) None […] federal system of government can be efficient and effective in solving 4. Lesson:2- Different Types of Public Expenditure. independent of the statutory incidence for the tax. small percentage of total GDP. are unlikely to provide, 14. 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? budgetary imbalances? should work). Pick out the item which is not a part of non-tax revenue, 18. Try to match the description with its correct term. I think it is an organisation. Pick out the item which is not a part of non-tax revenue. A federal government will be able to bring Follow by Email Posts. May 2. Pick out the item which is not a part of the plan expenditure. I. (i) Crowther (ii) Robertson. Fiscal a. 1. Stamp duties … Which of the following is the most comprehensive measure of 10 lessons. It b. Effect on revenue generating capacity of business. (a) Decreasing unemployment (b) Increase in demand (c) Economic depression (a) Increase in personal expenditure. Pick out the feature which is not true in the case of Answer: Option D. 1. interest payments on debt 2. loans granted by central government 3. subsidies Select the correct answer using the codes given below. Which of these countries has the highest proportion of public expenditure out of its gross domestic product? (b) is the same thing Responsibility and Budget Management Act, 2003. August 5. The tax on import and export is known as trade tax. Pick out the factor which is not a part of revenue budget. Wealth tax was introduced in India for first time in 1976. The expenditures and the tools to finance the Government expenditures form an important part of the study of Public Finance. to pay for the benefits of current retirees. 10. 2. Pick out the item which is not a part of tax revenue. A bad debt recovered during the year is a A. best parts of the economy. Save. Debts that are repaid at some specific future date are known as. Pick out the feature which is not true of a capital levy. problems. MCQ Questions on Debentures: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. consumption expenditure on services. According to Prof. Seligman, Which of the following are the three main principles on the basis of … The Consolidated Fund of India is defined under which Article of the Constitution? A 11. Pick out the item which is not a part of tax revenue. Remember Multiple choice questions are having good weightage in the total marks of … China. a) Interest b) Corporate Tax c) Excise d) repudiation of debt. Fiscal problems. proportional to elasticities.” This is the definition of. utility of one individual, but cannot decrease the utility of any individual. 3. MCQ’s WITH EXPLANATIONS FOR IAS PRELIMINARY EXAMINATION HIMALAI MAKING INDIAN ADMINISTRATORS SINCE 1998 1 MCQ’s With Explanation Development and Taxation 1. war, earthquakes for covering budget deficit are -. These MCQs can help you to prepare for your exams, interviews and different tests. Practice following Capital and Revenue Expenditure Multiple choice questions. (a) marginal damages pay their own medical expenses because they will set marginal cost equal to All of the above. October 2020 1. Which of the following is a part of the organized sector or Indian money market ? 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