| 1 |
"The study of nature and principles of government expenditures and revenue is called public finance"<br>This definition is stated by |
- A. Bastable
- B. Armitage Smith
- C. Ricardo
- D. Robbins
|
| 2 |
Which one of the following stated the canons of taxation first |
- A. Adam Smith
- B. Marshall
- C. Robbins
- D. Keynes
|
| 3 |
If income of government is more than its expenditures, then it is a |
- A. Surplus budget
- B. Deficit budget
- C. Development budget
- D. Balanced budget
|
| 4 |
Zakat is part of the present income |
- A. 20th
- B. 30th
- C. 40th
- D. 50th
|
| 5 |
Trade cycles can be controlled by: |
- A. Fiscal policy
- B. Monetary policy
- C. Buffer stock schemes
- D. All of these
|
| 6 |
The salient features of trade cycle are: |
- A. National in nature
- B. International in nature
- C. Domestic in nature
- D. All of these
|
| 7 |
At last, indirect tax is paid by |
- A. Shopkeeper
- B. Entrepreneur
- C. Customer
- D. Whole-seller
|
| 8 |
The budget period in public finance is |
- A. six months
- B. one year
- C. two years
- D. five years
|
| 9 |
The tax whose burden can be shifted to the customers, is called |
- A. Proportional tax
- B. Progressive tax
- C. Direct tax
- D. Indirect tax
|
| 10 |
Government estimates its income and expenditures |
- A. Monthly
- B. Three monthly
- C. Six monthly
- D. Annual
|
