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Test of Public Economics
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This lesson explains the MCQ's of Public Economics for NTA NET.

Tanya Bhatia is teaching live on Unacademy Plus

Tanya Bhatia
Topper in 12th Cbse JRF holder Eco hons. Shyam Lal College DU, M.A in Economics. Expert in NET for Economics.Teaching is work of heart❤❤❤

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common resources wo hote he jo sabhi ke liye avilival hote he ex= River river ko sabhi use kr sakte he isliye ye non excudable he or Rivel is liye mana ki iske ander 5 fish he wo kisi ne nikal le to koi or unhe nahi le payega
non rival and no excludable bcz common resources wo resources hote h jiska prayog har vyakti saman matra m kr skta h hm kisi ek ke us vastu k istemal se dusre pr iska koi prabhav nhi padta example - street light
rival and non-excusable bcoz river example fishing karnese fish kum ho rahi hai means it is rival and non excusable kyu ki aap mana nahi kar sakte kyu ki it is command in all
rival and non excludable wild fish are an example of common resources .They are non-excludable as it is impossible to prevent people from catching fish.They are rivalrous as the same fish cannot be caught more than one
common resources rival hote hai...or river se fish khatam hone ke Baad dusre ke liye finish ho jayega isliye ye rival hai.. non excludable you can't refuse to anybody use.. ans..rival and non excludable
  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. Q11- Public Goods are- 1. Non rival and Excludable 2. Non rival and non excludable 3. Rival and Excludable 4. Rival and Non Excludable


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


  14. 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


  15. 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


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


  17. 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


  18. Q21-Who has developed the Concept of Effective Incidence of tax? 1.Ursula K. Hicks 2.JR Hicks 3. H.Dalton 4.A.C. Pigou