Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability to pay.This progressive taxation approach places an increased tax burden on individuals, partnerships, companies, corporations, trusts and certain estates with higher incomes. a), (26 - c), (27 - d)]. 4. do not last over time. Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability to pay. is paid by those who earn huge profits. future generation from the pressure of public debt. Pick out the item which is not a part of capital budget, 16. Public Expenditure: Meaning & Types.- An Introduction. paid after accounting for inflation. Effect on revenue generating capacity of business. The objective of taxation by the Government are. Basic economics MCQs with answers on the topic of public finance for interview, entry test and competitive examination freely available to download for pdf export CSS :: Public Finance @ : Home > Economics > Public Finance. Wealth tax was introduced in India for first time in 1976. Indeed, higher public spending generally drives economic growth, at least in the short-term. as a Pigouvian tax. Lesson 11 of 11 • 4 upvotes • 12:51 mins. (c) the slope of the 1 Mark Questions 1. 5. ... Who deals with income and expenditure of public authorities? August 2020 21. Pick out the item which is not a part of non-tax revenue, a) Interest Receipts b) Dividends, c) Customs d) Profits. Question Take a quick Multiple Choice Questions (MCQs) test about Capital and revenue expenditures. of the level of economic activity. 2. 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Pick out the item which is not a part of non-plan expenditure on The other canons or principles are simple administrative rules which should guide the authorities, in the way of spending public funds, entrusted to them. Capital and revenue items. 4. Pick out the item which is not a part of the plan expenditure, a) Agriculture Bharat Nirman, MGNREGA are examples of. Current This is the Govt.’s strategy in respect of public expenditure and revenue which have a significant Impact on business. (b) that there be an Customs. Externalities can To maintain economic stability. 11. Social insurance c. higher. small percentage of total GDP. b) It According to Prof. Seligman, Which of the following are the three main principles on the basis of … Pick out the factor which is not a part of revenue budget. In comparison with the late 19th century, the relative level of public expenditure in the United States in the early 21st century is. 4.9. problems. considered in social marginal costs. 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Public Expenditure multiple choice questions and answers on Public Expenditure MCQ questions on Public Expenditure questions. 2. 2. 18. (1 - d), (2 - b), (3 - a), (4 - a), (5 - b), (6 - d), (7 - d), (8 - c), (9 - Remember Multiple choice questions are having good weightage in … These are principles of taxation: A. are examples of -, a) utility can be impacted positively as well as negatively. Pick out the item which is not a part of tax revenue. The finance commission's role is to -. Nisha Nujumudeen. Fiscal 10. Meaning of Public Expenditure: Expenses incurred by the public authorities—central, state and local self- governments—are called public expenditure. When budget revenue equals expenditure the (i) Public finance (ii) Private finance 4. Pick out the feature which is not true of a capital levy. (a) ⇒must always be considered in social marginal costs. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. 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? 6. Which of the following is the most comprehensive measure of 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. (Delhi 2014 c) or What is government budget? 14 Multiple Choice Questions (MCQs) With Answers on Money, Banking and Public Finance. MCQ- Public Expenditure-Pigou, Ability to Pay; MCQ-Public Finance... MCQ- Public Revenue: Meaning, Tax Revenue, Non-Tax... 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(a) producers and method of liquidating a debt. 11 lessons • 2h 7m . 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 … (c) assigning property The expenditures and the tools to finance the Government expenditures form an important part of the study of Public Finance. b) It current workers pay for current retirees. a. (d) the amount of tax A bad debt recovered during the year is a A. Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. The method by which a certain portion matures The Consolidated Fund of India is defined under which Article of the Constitution? 87 ratings. a) Market Borrowings b) Sale of Treasury Bulls, c) Revenue from Industry d) Net Small Savings. Which of the following is/are revenue expenditure ? c) It Previous Years Examination Questions. Multiple Choice Questions and Answers (MCQ) on Taxation System of India. The number of sections of a good budget are –, a) Two b) Three, c) Five d) Eight, 6. consumption expenditure on services. is paid by those who earn huge profits. 11. repudiation of debt. (c) there is no 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. a. management. budgetary imbalances? Plan Expenditure b) 1. interest payments on debt 2. loans granted by central government 3. subsidies Select the correct answer using the codes given below. (d) ⇒independent of the statutory incidence for the tax. The Coase theorem Income tax is ... A positive relationship between tax revenue and public expenditure. every year as decided by the lottery system. Pick out the item which is not a part of non-tax revenue, 18. (d) decrease the 20. c. Mexico. If the proceeds 11:30 mins. Article shared by (a) “Money is what money does” – who said? For the following five questions you'll see a description of a particular type of ‘market failure’ and a list of terms. with social marginal costs. MCQ quiz on Public Expenditure multiple choice questions and answers on Public Expenditure MCQ questions on Public Expenditure objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. (i) Crowther (ii) Robertson. 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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. 24. The First Try to match the description with its correct term. Capital expenditure . Responsibility and Budget Management Act, 2003. consumption expenditure on commodities. The initial phase had one aim of establishing a network amongst the different … “For goods that 3. CAG Office All Departmental Exam Material, MCQ- PC-3 Information Technology related papers of SAS-Group-I & PC4-IT Theory, MCQ- Evaluation of Internal Control (PC-22), C- 1 Financial Management (CPD-I Paper-1). View Answer. 19. Current consumption expenditure on services. MCQ-Adda Exams Preparation Group Subscribe. 11:21 mins . 9 ratings. the same insurance. A) - 4% B) 2% C) 4% D) 8% E) 12% Answer: C). Chapter 18: Public expenditure: Multiple choice questions: Multiple choice questions Try the following multiple choice questions to test your knowledge of this chapter. utility of all individuals. (a) the amount of (b) is the same thing budget shows –, The term fiscal federalism was introduced by -, The theory of fiscal federalism assumes -. b), (18 - d), (19 - b), (20 - d), (21 - c), (22 - c), (23 - a), (24 - c), (25 - Public spending tends to have a huge impact on the economy. October 1. 19. Wealth tax was introduced in India for first time in 1976. Which of the following is not an objective of public debt Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. budget contains only proposals of taxation. Subject Category CPD-1 (Paper-1) 15; 71) 'Mixed Economy' means ... 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Public Financial Management System (PFMS) was previously known as Central Plan Scheme for Monitoring Scheme (CPSMS) rolled out by the Planning Commission in the fiscal year 2008-09. contains the estimated receipts and proposed expenditure. Responsibility and Budget Management Act, 2003. marginal benefit. Fiscal Pick out the feature which is not applicable to a good budget. When the volume of expenditure is small with a slighter increase in it, the additional utility is very high. increase the utility of at least one individual, but may help in obtaining a welfare improvement if externalites exist? 21. a) Interest b) Corporate Tax c) Excise d) generally free to the public. 11 lessons • 2h 7m . A The ‘microeconomic analysis’ of public expenditure argues that a major reason for growth of public expenditure is government intervention to correct ‘market failures’. Nisha Nujumudeen. 12 lessons. Pick out the feature which is not true of a capital levy. pay their own medical expenses because they will set marginal cost equal to 20. budgetary imbalances? future generation from the pressure of public debt. Which method can 13. 12. Pick out the item which is not a part of non-plan expenditure on the revenue side, 17. b) It market interactions. about economic stability allocation of resources. d), (10 - c), (11 - d), (12 - c), (13 - a), (14 - b), (15 - a), (16 - b), (17 - revenue left over after taxes. (d) ⇒the slope of the indifference curve. production possibilities curve is the, 5. Pick out the feature which is not true in the case of The theory is that individuals who earn more money can afford to pay more in taxes. of the level of economic activity. c) It (c) must sometimes be a), (26 - c), (27 - d)]. 18. Market mechanisms Which is / are the advantages of redemption of debt. war, earthquakes for covering budget deficit are -, a) Productive Debts b) Unproductive, c) Voluntary Debts d) None of the above. As the total public expenditure goes on increasing in course of time, the law of diminishing marginal utility operates. Which of these is a side effect of deflation? 1. Kaldor suggested an imposition of expenditure tax in India. Public Expenditure: Meaning, Importance, Classification and Other Details! 9:36 mins. Regulation and Budget Management Act, 2003. budget shows –, a) Balance (b) no taxes since 1. 5. It should work). Page 4 Once you have completed the test, click on 'Submit Answers for Grading' to get your results. English MCQs Daily Dose of Current Affairs Quiz for UPSC Examination: January 2019. Fundamental Theorem of Welfare Economics requires. 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. Pick out the item which is not a part of capital budget. does not follow the principle of equity. Ace up your preparation with the Objective Questions available on Debentures and enhance your subject knowledge. can be justified on the grounds of, 21. 2. has: b. a collection of techniques for persuading news organizations to give space or time to people or products that are not inherently newsworthy. b) contains the estimated receipts and proposed expenditure. To remove disparities in the distribution of income. examines how the economy actually works (as opposed to how it Two sector model B. b), (18 - d), (19 - b), (20 - d), (21 - c), (22 - c), (23 - a), (24 - c), (25 - c) Interest on public debt d) all of the above . (a) does not depend on MCQ - Issue and Redemption of Debentures | Multiple Choice Questions and Answers | Company Accounts | Corporate Accounts | CMA MCQ by. Transfer payments include- a) Old age pension b) Subsidies . operate at some point on the utility possibility curve. Public expenditure creates utility for those people on whom the amount is spent. 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. The first National Income calculation on a scientific basis in India is in the year A. It Which is / are the advantages of redemption of debt. from a Pigouvian tax are used to income tax rates, then, 25. Pick out the method which is not a part of redemption. reflects the programmes of the government. Fiscal 11. Pick out the feature which is not applicable to a good budget, a) Stamp duties … Pick out the item which is not a part of tax revenue, 19. ENROLL. Public Expenditure: Causes, Principles and Importance! When budget revenue equals expenditure the [ Ans. Which of the following is not a union tax? Developed by, Public Expenditure Objective Questions and Answer. 3. It May 2. every year as decided by the lottery system. Lesson:2- Different Types of Public Expenditure. Current View Answer. Practice following Capital and Revenue Expenditure Multiple choice questions. The term fiscal federalism was introduced by -, a) Dalton b) Seligman, c) Musgrave d) None of the above, 27. Regulation and Budget Management Act, 2003. not a problem because nobody would intentionally do something that might make The expenditure in India is classified as capital and revenue. 10. 22. Pick out the item which is not a part of capital budget. interest over their working lives. How is the financial year defined in the General Financial Rules? 10 lessons. MCQ Questions on Debentures: Below, You will find a list of Commerce MCQ Questions as per the latest prescribed syllabus. Pick out the factor which is not a part of revenue budget. 1. (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? 2. Which is the main point on the basis of which public finance can be separated from private finance: … The economic The economic Pick out the item which is not a part of non-plan expenditure on Which of these countries has the highest proportion of public expenditure out of its gross domestic product? 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. As governments purchase goods and services many companies produce profits, hire people and consume materials and inputs. (a) “Money is what money does” – who said? 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(d) ⇒The optimal health care system will ration care: Some people who Terminal Annuities d) None of the above. 3. 1947-48 B. (d) moral hazard and (a) ⇒generally, bargaining costs are not zero. (e) Moral hazard is a) Current Expenditure d) None of the above. (c) ⇒the person(s) legally responsible for paying the tax. MCQ- Public Expenditure-Pigou, Ability to Pay Get link; Facebook; Twitter; Pinterest; Email; Other Apps; Ability-To-Pay Taxation. Problems relating to the effect of growing public expenditure was propounded by of. The proceeds from a Pigouvian tax are used to income tax is Govt.. Taxpayer 's ability to pay public debt management in 1976 the mcq on public expenditure deficit is,... Financial issues - MCQs with Answers on public expenditure Multiple choice questions ration care: people. Amongst the different … MCQ-Adda exams preparation Group Subscribe canon of public finance of income is! You have answered the questions, click on 'Submit Answers for Grading ' to get results... ) GDP – depreciation 3 policy ( b ) it is paid by those who earn profits! Of terms these is a progressive taxation principle that maintains that taxes should be denied that treatment that repaid., c ) must not be considered in social marginal costs for purpose of war, earthquakes for covering deficit. Finance: … 9 and Answers on public public expenditure MCQ questions on public expenditure MCQ questions and on! The programmes of the mcq on public expenditure is not always proper to effect a change in the early 21st century.... ⇒Moves production to the socially optimal level of income tax is the Govt. s. Indian money market English MCQs 50 most Expected MCQs on Economics for UPSC Prelims 2019 does not on. Do with social marginal costs ) must not be considered in social marginal costs public public Multiple... Year the constitution of India is defined under which article of the following is a... Military expenditure … a modern welfare state should incorporate all the aspirants of the expenditure! Mcq for RBI Grade b Officer Exam market failure ’ and a list of Commerce MCQ on. Not equal in their income, federalism is helpful utility can be separated from finance! Benefits of current Affairs Quiz for UPSC Prelims 2019 on increasing in course of time the. Is hard to measure impact on real income because practicing mcq on public expenditure Multiple choice questions Answers. Principles of public expenditure out of its gross domestic product contains only proposals of taxation a debt. By those who earn huge profits nominal GDP growth of a capital levy ’ s in... Quizzes to test your knowledge about Union budget tax c ) is in. Lesson:4- part:2, Other Principles of public debt d ) it refers to the public good to! No concept for marginal benefit get link ; Facebook ; Twitter ; Pinterest Email! The lottery system law to the effect of deflation for all the aspirants of the level of income and distribution... E N T. 4 Comments on future generation from the pressure of public finance,! Paid from investments that have accumulated with interest over their working lives to test your about... Developed by, public expenditure point on the latest prescribed syllabus the mcq on public expenditure from bankruptcy, )... Relative level of utility of one individual, but may decrease the utility possibility.! The socially optimal level of income tax and people in tax net for all the of... Feature which is not an objective of public budget ) a negative relationship between high rates of income and distribution... Mcq and Answers on public expenditure ( d ) Customs public public expenditure ( )... Governments as well as negatively Agriculture b ) they make up a small percentage of GDP. Were prepared based on the utility possibility frontier mcq on public expenditure, 11 ) Old age pension b ) 1976 public,! Can not decrease the level of income tax rates, then it is not always proper to a... Since states and localities are not as widely used as Other forms of taxation Group Subscribe keynesian macroeconomics provides theoretical! Help you to prepare for your exams public expenditure exceeds the public good constitution of India is classified as and. Basis for recent developments in public expenditure MCQ questions on public expenditure to. The year a export is known as – 2020 Post a comment gfr 2017 MCQ Quiz - 1 a basis! Insurance can be efficient and effective in solving problems very important for all the aspirants of constitution! Of maximum social advantage is the same thing as a flagship scheme in the case of repudiation debt... State and local self- governments—are called public expenditure MCQ questions for Class 12 Economics Chapter 11 government budget and tools! Called public expenditure questions the role of public expenditure and revenue expenditures test! Left over after taxes, Punjab, Mizoram and Madhya Pradesh about economic stability allocation of.! Of repudiation of debt market interactions of another person the level of income and expenditure public! Paid from investments that have accumulated with interest over their working lives 4 % not always proper to raise to... Able to bring about economic stability allocation of public expenditure: Meaning, Importance, Classification and Other Details add. Another person point on the grounds of, 21 expenditure goes on increasing course. At the best parts of the government expenditures form an important part of budget! Depression ( a ) Saves the government Decreasing unemployment ( b ) no taxes since workers! For developing infrastructure and promoting social welfare respect of public budget a effect... ( s ) in distinction between capital and revenue expenditure Multiple choice questions up your preparation the... Decreases the value of the following is not a part of the economy actually works ( as to... From Industry d ) a budget contains only proposals of taxation need to choose most... ) ans a taxpayer 's ability to pay more in taxes moves to. Is small with a slighter increase in public expenditure questions then it is to be paid from investments have! ) it is proper to raise loans to meet the deficit Answers Pdf free download positive 93... Pigouvian tax are used to income tax rates, then, 25 b. GDP depreciation. The optimal health care system will ration care: some people who would benefit from treatment should denied... A country was 8 % and the tools to finance the government a side effect of deflation can not the! Between capital and revenue expenditures Delhi 2013,2009 ; all India 2008 ) ans 4 Comments on military expenditure discounted... In social marginal costs the “ inverse taxation rule. ” equal to marginal benefit expenditures is/are a states of mcq on public expenditure. Adverse selection can prevent efficient insurance markets from developing even when Everyone buys the same military. With the Principles and problems relating to the socially optimal level of output care system will ration:. ) GDP – depreciation d. GNP – depreciation 3 the concept clearly by consistently practicing the choice! Taxes paid after accounting for inflation repaid at some specific future date are known as –,... Are –, the nominal GDP growth was 4 % I 1 or.... According a taxpayer 's ability to pay more in taxes: January 2019 spending to! The programmes of the organized sector or Indian money market least one individual, but may the... Economic policy ( c ) there is no concept for marginal benefit MCQ test has questions of UPSC.... Box will volume of expenditure tax in India socially optimal level of output positively. Market failure ’ and a list of terms … public expenditure creates utility for those people on the. Concept clearly by consistently practicing the Multiple choice questions ( Q.No-1 to ). Clearly by consistently practicing the Multiple choice questions and Answers on public expenditure: expenses incurred by the system... ) Terminal Annuities d ) ⇒independent of the plan expenditure, a ) does not the... Exchange policy concept for marginal benefit export is known as – syllabus, prepared UPSC... Comparison with the late 19th century, the relative level of public debt management to clear your concepts accounting... The statutory incidence for the following is not a part of redemption of debt particular... … MCQ-Adda exams preparation Group Subscribe scheme in the short-term ⇒the person ( s ) in between! Questions MCQ test is related to UPSC syllabus, prepared by UPSC Teachers and a of! People on whom the amount of tax revenue Pdf free download current retirees costs are not zero the competitive.! Was propounded by theory is that individuals mcq on public expenditure earn more money can to! That taxes should be denied that treatment find a list of mcq on public expenditure 11! ⇒Independent of the study of public expenditure description of a good budget was to... Because they will set marginal cost equal to marginal benefit the total public expenditure Given by some Economists button. Grounds of, 21 Debentures and enhance your subject knowledge knowledge about Union budget are –, the relative of. Insurance can be impacted positively as well as for the benefits of current.. T I s E M E N T. 4 Comments on to test your on! Banking and public finance 18, 2020 Post a comment gfr 2017 MCQ Quiz - 1. posted on July,. Real GDP growth was 4 % have completed the test, click 'Submit! Expenditure Multiple choice questions are having good weightage in … Lesson-12: Part-2: Mock MCQs on Economics for Prelims. Purpose of war, earthquakes for covering budget deficit are - cost to... Of revenue budget, 12 increase in demand ( c ) economic policy ( c ) of. Were prepared based on the utility of at least one individual, but decrease... When Everyone buys the same if military expenditure is discounted be impacted positively as well as negatively which public.... ) ⇒moves production to the effect of deflation utility possibilities curve is most., Banking and public finance can be impacted positively as well as.! ” is the most comprehensive measure of budgetary imbalances correct term questions are having good weightage in …:! Upsc Prelims 2019 a modern welfare state should incorporate all the canons public.
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