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MCQ's part-14
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This lesson explains the MCQ'S of Public Economics.

Tanya Bhatia is teaching live on Unacademy Plus

Tanya Bhatia
Topper in 12th Cbse, JRF holder, Assistant Professor in Satyawati DU Expert in NET for Economics.Teaching is work of heart❤❤❤

Unacademy user
Tq for dis trick mam...TQ tq
Divya Gupta
a year ago
Ur welcome kabita... keep learning
acording to my knowledge theory of optimal taxtation is given by Mankiw.It is previous year question nd correct ans is Mankiw acording to ans key. mam plz justify it if i m wrong.
Tanya Bhatia
a year ago
there is issue in this ans. i will tell u soon
Meenu Dahiya
a year ago
okk mam
mam ,when I checked in Google it shows that the theory of optimal taxation was given by GN Mankiew and in another site it shows Ramsey . U said U.K Hicks I'm getting confused mam plz say which is right one & why 3 names are showing for 1 theory.......
  1. Public Economics 30 Expected MCQ's for NTA NET

  2. 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

  3. 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

  4. 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.

  5. Q4-Maximum social advantage is acheived when- 1. 2. 3. 4. Total Social Sacrifice-Total Sactifice Benefits Marginal Social Sacrifice-Marginal Social Benefits Net Social Sacrifice-Net Social Benefits Average Social Sacrifice-Average Social Benefits

  6. Q5-Fiscal deficit as on 1 Feb 2017-18? 1.3.3 2.3.5 3.3.4 4.3.2

  7. Q6-Primary Deficit as on 1 Feb 2018 for Union Budget 2018-19?

  8. Q7-The case For progressive tax rates rests on- 1. Benefits Received 2. Cost of Service 3.Ability to Pay 4. None of the Above

  9. Q8-Primary Deficit is measured by- 1. Fiscal Deficit-Interest payments 2. Budget Deficit-Interest payments 3. Budget deficit+total Borrowings 4. Total Revenue Exp-Total Revenue Receipts

  10. Q9-A forward-Shifted tax will affect: 1. Buyers and Sellers Equally 2. Sellers more than Buyers 3. Government revenue Negatively 4. Buyers more than Sellers

  11. O10-Market Failure can occur because of- 1. Imperfect Competition 2. Externalities 3. Both 1 and 2 4. Neither 1 and 2

  12. Q13-Gender Development index is given by 1.World Bank 2. UNDP 3. World Economic Forum 4. United Nations

  13. Q16-The greater the elasticity of supply,the greater iS- 1. Incidence of tax on buyer 2, Incidence of tax on sellers 3. Impact of tax on sellers 4. Impact of tax on buyers

  14. 18-The ability to pay principle of taxation is logically most consistent with th e noramative no 1. 2. Horizontal equity 3. Value-Added taxation 4. Vertical Equity Tax Neutrality

  15. Q19-The Benfit theory of allocation of tac burden was given by 1.Seligman 2.Lindhal 3. Dalton 4. Pigou

  16. Q20-The social cost curve lies above the private cost curve for the producer in cae of lo 1. Positive Externalities 2. Negative Externalities 3. Public Goods 4. Near-Public Goods

  17. Q24-Who among the following is asspciated with the theory of optimal taxtaion? 1.H.Daltor 2. R.A Musgrave 3. U.K Hicks 4. G.Mankiw

  18. Q26-Tax Incidence refers to- 1. Whether a tax is progressive,Proportional or Regressive 2. How often a tax is collected 3. The person or Group who ends up paying a tax 4. How a tax is collected

  19. Q28-Gender Budgeting means: 1.A seprate budget for women 2. A tool for gender empowerment 3. A tool for Gender Discrimination 4. A separate budget for men and women

  20. Q29-A proportionate increase in tax revenue to a proportionate increase in the tax base 1s called 1. Elasticity of a tax 2. Buoyancy of a tax 3. Neutrality of a tax 4. None of the above

  21. Q30-Income tax of India relies on- 1. Horizontal Equity 2. Vertical Equity 3. Both 1 and 2 4. None of the above