Which is the main point on the basis of which public finance can be separated from private finance: … 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. 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 expenditures and the tools to finance the Government expenditures form an important part of the study of Public Finance. However the principle of maximum social advantage is the most fundamental canon of public expenditure. August 5. revenue generated after a tax is imposed. (b) only looks at the Customs. Lesson 11 of 11 • 4 upvotes • 12:51 mins. 20. Public Expenditure multiple choice questions and answers on Public Expenditure MCQ questions on Public Expenditure questions. (c) assigning property Stamp duties … repudiation of debt. Which of the following is a part of the organized sector or Indian money market ? The slope of the 25. 12. consumption expenditure on commodities. c. Mexico. It is to be seen whether the transaction is casual or regular. The theory is that individuals who earn more money can afford to pay more in taxes. Public Expenditure: Causes, Principles and Importance! Q Choose appropriate answers . Since 5. Such expenditures are made for the maintenance of the governments as well as for the benefit of the society as whole. (c) ⇒it is hard to measure how people value the public good. method of liquidating a debt. does not follow the principle of equity. B. (a) ⇒must always be considered in social marginal costs. 10. 2. Debts which have Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability to pay. (d) inflation c) Stabilization 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. 22. To remove disparities in the distribution of income. (c) the slope of the problems. (i) Public finance (ii) Private finance When budget revenue equals expenditure the 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. contains the estimated receipts and proposed expenditure. 14. 11 lessons • 2h 7m . Pick out the item which is not a part of the plan expenditure, 20. (a) 1954 (b) 1976 Once you have answered the questions, click on 'Submit Answers for Grading' to get your results. 2017 36. Fiscal rights and permitting bargaining. utility of all individuals. Movement from an (d) moral hazard and 3. future generation from the pressure of public debt. of the level of economic activity. ... Who deals with income and expenditure of public authorities? A. strong competition during the formative years B (ii) Managerial factor. 11. will increase the credibility of the government. Transfer payments include- a) Old age pension b) Subsidies . The initial phase had one aim of establishing a network amongst the different … Fiscal 7. Capital expenditure . d) It 1. interest payments on debt 2. loans granted by central government 3. subsidies Select the correct answer using the codes given below. 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. states and localities are not equal in their income, federalism is helpful. Multiple Choice Questions and Answers (MCQ) on Taxation System of India. It 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). would benefit from treatment should be denied that treatment. The economic 3. c) Interest on public debt d) all of the above . ENROLL. (d) ⇒the slope of the indifference curve. decrease the level of utility of another person. I think it is an organisation. context, it is difficult to measure impact on real income because. The expenditures and the tools to finance the Government expenditures form an important part of the study of Public Finance. D. All of the above. (d) the amount of tax Previous Years Examination Questions. Pick out the factor which is not a part of revenue budget. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. 4. Public expenditure is spending made by the government of a country on collective needs and wants such as pension, provision, infrastructure, etc. a. reflects the programmes of the government. b. about the same. Current consumption expenditure on services. inefficient allocation to an efficient allocation in the Edgeworth Box will. MCQ’s WITH EXPLANATIONS FOR IAS PRELIMINARY EXAMINATION HIMALAI MAKING INDIAN ADMINISTRATORS SINCE 1998 1 MCQ’s With Explanation Development and Taxation 1. the revenue side. budget shows –, a) Balance 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. 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 tax revenue. Current Nisha Nujumudeen. d), (10 - c), (11 - d), (12 - c), (13 - a), (14 - b), (15 - a), (16 - b), (17 - Which of the following is not true of public budget? Loans taken by the government for purpose of (b) ⇒utility can be impacted positively as well as negatively. 4. The other canons or principles are simple administrative rules which should guide the authorities, in the way of spending public funds, entrusted to them. about economic stability allocation of resources. Which method can 1947-48 B. 1. : Fiscal ENROLL. b. Fiscal Subscribe to this blog. 6. September 2020 24. 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(d) ⇒retirees to be paid from investments that have accumulated with (Delhi 2013,2009; All India 2008) Ans. Consider the following statements: 1. 11. An empirical law to the effect of growing public expenditure was propounded by. 24. small percentage of total GDP. utility possibility frontier are, 11. Understand the concept clearly by consistently practicing the Multiple Choice Questions and score well in your exams. A fully funded about economic stability allocation of resources. Keynes, the role of public expenditure in the determination of level of income and its distribution is now well recognised. 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. 2. 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