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

A criterion by which public goods are distinguished from private goods

A budget where there is excess of expenditure over revenue is called

.................... is the first country to implement GST

.................... is a broad based and a single comprehensive tax levied on goods and services consumed in an economy

................ is the debt which is paid any legal enforcement

............ refers to refusal to repay the debt

........... is the process of replacing maturing securities with new securities.

.......... is a special type of once for all tax on capital imposed to repay war debts.

Wiseman-Peacock hypotheses supports in a much stronger manner the possibility of

Who proposed the Zero-based budgeting for the first time

Who is the father of Public Finance

Who is the exponent of Law of Increasing State Activities?

Who is the author of the book The Theory of Public Finance?

Which tax cannot be shifted to others?

Which one of the following taxes is levied by the State Government only?

Which one of the following is the most acceptable theory of taxation

Which one of the following is not a tax base?

Which one of the following is not a public utility?

Which one of the following is not a method for redeeming public debt?

Which one of the following is an optional function of Government?