Public Economics 30 Expected MCQ's for NTA NET
Q1-Income tax is generally based on- 1. Benefit Received Principle 2. Ability to Pay Principle 3. Willingness to pay Principle 4. None of the Above
Q2-Which method can help in obtaining a welfare improvememt ifE ? Xternalities exist: 1. Regulation 2. Assigning Property Rights and Permitting Bargaining 3. Pigovian Taxes 4. All of the Above
Q3-Satuatory incidence of a tax deals with- 1. 2. 3. The person legally responsible for paying the tax The amount of revenue left over after taxes The amount of taxes paid after accounting for inflation The amount of tax revenue generated after a tax is levied 4.
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