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

Treasury bills issued by the Government are in the nature of

Those goods whose consumption and use are to be encouraged are called

There is a view that reduced rates on income tax would lead to a significant rise in income tax revenue. This view has been attributed to

The Zero-based budgeting was first adopted in

The Wanchoo Committee (1971) probed into

The VAT was first introduced in the year

The VAT was first introduced in

The Theory of Maximum Social Advantage was given by

The revenue of the State Government is raised from the following sources except one, which is that?

The principle of Maximum Social Advantage have been suggested by

The neo-Keynesian approach to public finance is called

The movement from older level of expenditure and taxation to a new and higher level is called

The most accepted theory of taxation in modern times

The modern theory of tax incidence was developed by

The modern state is

The methods of restoring resource balance between different governments in a federal set-up is based on

The maximum effect of direct taxes is on

The main objective of taking private loan is

The main objective of budgeting is

The largest component of revenue expenditure in India is