Tanya Bhatia is teaching live on Unacademy Plus
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.
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
Q5-Fiscal deficit as on 1 Feb 2017-18? 1.3.3 2.3.5 3.3.4 4.3.2
Q6-Primary Deficit as on 1 Feb 2018 for Union Budget 2018-19?
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
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
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
Q11- Public Goods are- 1. Non rival and Excludable 2. Non rival and non excludable 3. Rival and Excludable 4. Rival and Non Excludable
Q13-Gender Development index is given by 1.World Bank 2. UNDP 3. World Economic Forum 4. United Nations
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
Q17-Principle of maximum social advantage is concerned with 1. Taxation only 2. Public Exp only 3. Public Debt only 4. Both Taxation and Public Exp
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