Public Economics in Business Management : Practice MCQ Questions & Answers with Explanations

The Displacement effect hypothesis was formulated by

The direct violation of Tax law is called

The diffusion theory was associated with the name of

The debts which the government promises to pay off at a specified date are called

The Current financial transactions of the government which are of recurring in nature is known as

The controlling authority of Government expenditure is

The concept of merit good was introduced in the year

The concept of Merit good was introduced by

The concept of decentralized planning received renewed attention in India with the 73rd and 74th Constitutional Amendment Acts of

The Concentration theory of tax shifting and incidence was developed by

The Classical economists asserted that public expenditure is

The chairman of the 15th Finance Commission of India is

The burden of long-term public debt fall on

The burden of long term public debt is on

The burden of direct taxes is borne by

The best system of public finance is that which secures the maximum social advantage from the operations which it conducts is the dictum of

The Benefit Principle of taxation states that tax should be paid in proportion to

The basic principle of public finance is

The balanced budget principle was advocated by

The Annual Account of both the income and expenditure is called