Public Finance PYQ 2018-19

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 which of the following is not a characteristics of public goods.

A. Non-excludability.

B. Non rivalry.

C. Goods are divisible.

D. Goods are indivisible.


Ans: C



Q2.which of the following finance minister presented budget maximum time.

A. Dr.manmohan singh

B. Pranab Mukharjee.

C. Morarji Desai.

D. P.chitambaram.


Ans: C


93. the incidence of tax means that 

A. The rate of taxation.

B. One who immediate responsible to pay the tax.

C. One who bear the ultimate money burden of the tax.

D. The effect of taxes on demand of the product.


Ans: C


Q4. Adam smith laid down four canons of taxation. which of the following was not originally laid down by him.

A. Canon of economy.

B. Canon of certainty.

C. Canon of convenience.

D. Canon of elasticity


ANS:d


95.the theory incidence of taxes given by  

A. Pigou.

B. Dalton.

C. Seligman.

D. Marshall.


Ans: b


Q6. if elasticity of supply is more than.

A. Incidence of tax on buyer

B. Incidence of tax on seller

C. impact of tax on buyer

D. Impact of tax on seller.


Ans: A


97. India's dual GST model is based on which of the following country.

A. France.

B. Canada.

C. England

D. Russia.


Ans:D 


Q8. who is the brand ambassador of GST in India.

A. Sachin Tendulkar.

B. Virat kohli.

C. Amitab Bachchan.

D. Akshay kumar.


Ans:C


canons of budgeting given by

A. H.D.Smith.

B. Findley Shirras

C. Dalton.

D. Pigou.


ANS: a


Q12.Richard H. Thaler won Nobel prize in economics in 2017 for his.

A. Contributions to industrial economics.

B. Contributions to social economics.

C. Contributions to behavioral economics.

D. Contributions to financial economics.


Ans: c


which of the following principle also called least aggregate sacrifice principle.

A. Equal absolute sacrifice.

B. Equal proportional sacrifice.

C. Equal marginal sacrifice.

D. Equal relative sacrifice.


Ans: C


Q14.tax buoyancy refers to.

A. % change in tax revenue % change in tax base

B. % change in tax revenue % change in expenditure.

C. % change in national income % change in tax rate.

D. % change in tax revenue %change in national income.


ANS: a


Q17. who is the chairman of 15th finance commission.

A. Anoop singh.

B. Nand kishor Singh.

C. Shaktikant Das.

D. Y.V.Reddy


Ans: b



Q18.ability to pay principle related with.

A. Proportion taxes.

B. Progressive taxes.

C. Sound taxes.

D. Regressive taxes.


Ans: b



20. In Peacock-Wiseman hypothesis, previous lower rate of taxes and expenditure are replaced by new and higher level under.

A. Inspection effect.

B. Displacement effect.

C. Concentration effect.

D. Announcement effect.


Ans: b


1.Who is the father of Public Finance:

A.Pigou

B.Dalton

C.Adam Smith

D.None of above


Ans: B



2.The" Equity Principle of Taxation" was propounded by:

A.J.B.Say

B.Adam Smith

C.Dalton

D.None of above


Ans: b


3. Which of the following includes in Public Finance:

A.Public Revenue

B.Public Expenditure

C.Public Debts

D.All of above.


Ans: D



4.Which of the following includes in Public Authorities:

A.Central Government

B.State Government

C.Local Government

D.All of above


Ans: D


6. The Principle of Maximum Social Advantage given by:

A.Hugh Dalton

B.Adam Smith

C.Pigou

D.None of above


Ans: A


7."The Government which taxes the least is the best." It is the belief of:

A.Modern

B.Classical

C.Mercantilists

D.None of above


Ans: B


8. Who was the father of Modern Public Finance:

A.Adam Smith

B.J.B.Say

C.Richard 

D.None of above


Ans:C



9. The Financial Year in India starts from:

A. 1st April

B.1st July

C.1st October

D.1st January


Ans: A


10.In India, Income Tax lavied by:

A.Local Government

B.State Government

C.Central Government

D.All of above


Ans: c


16. Taxes should be raised from sources in which a way that marginal sacrifies of each source is:

A.Equal

B.More than Equal

C.Less than Equal

D.None of above


Ans;C


17.According to Dalton economic test of Maximum Social Advantage is :

A.Improvement in Production 

B.Improvement in Distribution

C.Political Stability

D.All of above


Ans: d


18.Public goods yields:

A.General Benefits

B.Special Benefits

C.Above A & B both

D.None of above


Ans: A




19. The need of Public goods are fullfilled by:

A.Private Budget

B.Public Budget

C.Government Budget

D.None of above


Ans: C 


19. The need of Public goods are fullfilled by:

A.Private Budget

B.Public Budget

C.Government Budget

D.None of above


Ans: C


20.In consumption of private goods consumers are:

A.Competitive

B.Non-Competitive

C.Neutral

D.None of above


Ans: A


21.Sources of Public Revenue are:

A.Administrative Source

B.Taxes

C.Commercial Sorces

D.All of above


Ans: D



1. From which french word "Budget" derived:

A.Bougetti

B.Budget

C.Butl

D.None of above


Ans: A


4. Which of the following, Importance of Budget:

A.Accountability

B.Helpful in Economic Planning

C.Tool of Economic Control

D.All of above


Ans: d


24. The Chairman of the 15th Finance Commission of India is:

A.Nirmala Sitaraman

B.Narendra Modi

C.Shaktikant Das

D.N.K.Singh



Ans:d 




21.For War financing:

A.Loan are taken

B.Taxes are imposed

C.Above A & B both

D.None of above


Ansc C


18."Tax should be lavied only on land." This view is given by:

A.Modern theory of tax incidence B.Diffusion theory of tax incidence C.Concentration theory of tax incidence

D.None of above


Ans: C



17.Inequality in distribution of income is reduced by:

A.Proportional tax

B.Regressive tax

C.Progressive tax

D.None of above


Ans: C


13. The tax which comes under indirect tax:

B.Estate Duty

A.Property Tax 

C.Excise Duty

 D.Sales Tax


Ans: D


10. What is specific tax :

A.Tax levied according to size B.Tax levied according to value C.Tax levied on an individual D.None of above


Ans.A


9. According to rate of taxes what is a proportional tax system:

A.Rate of tax remains same

B.Everyone has to pay equal amount of tax

C.Rate of taxes decrase

D.Rate of taxes Incrase


Ans: A


24.Who said that the growth of Public Sector tends to occur on a step like basis:

A.Wagner

B.Peacock-Wiseman

C.Colin Clark

D.Keynes


Ans: B 



9. According to rate of taxes what is a proportional tax system:

A.Rate of tax remains same

B.Everyone has to pay equal amount of tax

C.Rate of taxes decrase

D.Rate of taxes Incrase


Ans: a

Comments

Suhel akhtar said…
Sir aapne jo nots bheja hai woh most important hai hame log me liye itna mehnat krne ke liye thank ku sir thank ku so much sir
5 September 2022 at 08:39
Unknown said…
Thank you so much sir🙏🙏
5 September 2022 at 09:14
Divyanshu soni said…
you are like an angel for us.
5 September 2022 at 09:15
Unknown said…
India's dual GST model is based on which of the following country. Me Canada hoga Russia nahi
5 September 2022 at 11:50
Unknown said…
Thank u so much sir 😊
5 September 2022 at 12:36
Unknown said…
thanku so much sir
5 September 2022 at 20:46
Anonymous said…
Dhanyawad sir G 🙏
5 September 2022 at 21:43
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