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Free download in PDF Public Finance Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, NDA, SSC etc. These short solved questions or quizzes are provided by Gkseries./p>
(1)
Taxes are levied to:
[A]
Penalise people
[B]
Provide direct benefits to tax payers
[C]
Provide general benefits for the people
[D]
To accumulate funds
Answer: Provide general benefits for the people
(2)
Whom of the following propounded principles of taxation:
[A]
Keynes
[B]
Marshall
[C]
Adam Smith
[D]
Al Ghazali
(3)
Taxes on commodities are:
[A]
Direct taxes
[B]
Indirect taxes
[C]
Progressive taxes
[D]
Proportional taxes
(4)
Govt. prepares its budget:
[A]
Weekly
[B]
Monthly
[C]
Quarterly
[D]
Annually
(5)
One of the following is NOT a feature of private finance:
[A]
Balancing of income and expenditure
[B]
Secrecy
[C]
Saving some part of income
[D]
Publicity
(6)
One of the following is NOT a feature of private finance:
[A]
Publicity
[B]
Secrecy
[C]
Efforts to balance income and expenditure
[D]
Taking steps to increase income
(7)
It is direct tax:
[A]
Excise tax
[B]
Sales tax
[C]
Income tax
[D]
Custom duty
(8)
These are heads of expenditure of the government EXCEPT?
[A]
Provide social services
[B]
Defence
[C]
Improve transport and communication
[D]
Provide cosmetics
Answer: Provide cosmetics
(9)
The most important source of income of a government is:
[A]
Foreign loans
[B]
Taxes
[C]
Printing of new money
[D]
Sale of government property
(10)
Progressive taxes:
[A]
Increase government revenue
[B]
Bring equality in distribution of incomes
[C]
Act as penalty for rich people
[D]
Both (a) & (b)
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