Public Finance Multiple Choice Questions and Answers | Public Finance MCQs

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Questions
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

Answer: Adam Smith
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3 Taxes on commodities are:
A Direct taxes
B Indirect taxes
C Progressive taxes
D Proportional taxes

Answer:Indirect taxes
4 Govt. prepares its budget:
A Weekly
B Monthly
C Quarterly
D Annually

Answer: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

Answer: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

Answer: Secrecy
7 It is direct tax:
A Excise tax
B Sales tax
C Income tax
D Custom duty

Answer: Income tax
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

Answer:Taxes
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)

Answer:Both (a) & (b)

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