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PUBLIC FINANCE QUESTIONS

Exam NamePUBLIC FINANCE QUESTIONS
DescriptionPUBLIC FINANCE QUESTIONS and Answers exams contains the questions from various competitive exams.These questions are the part of previous year paper.These kind of questions would be helpful in preparing for exams like IAS, PCS, UPSC, NDA, CDS SSC, RRB, PSC, IBPS
Exam TypeMASTER EXAM
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creatorAnirudh(39045)
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Question: Which one of the following is NOT an example of Indirect Tax ?

Answer:Expenditure tax


Question: Interest on public debt is a part of :

Answer:Transfer payments by the Government


Question: Which authority recommends the principles governing the grants-in-aid of the revenue of the states out of the Consolidated Fund of India ?

Answer:Finance Commission


Question: Which a midst the following taxes collected by the Union is not mandated to be assigned to the States ?

Answer:Service tax


Question: The break-even point is where:

Answer:Marginal revenue equals marginal cost


Question: Which of the following taxes is exclusively and totally assigned to the Central Government by the Constitution ?

Answer:Corporation Tax


Question: Fiscal Policy is related to:

Answer:Government s Revenue and Expenditure


Question: If the tax rate increases with the higher level of income it shall be called :

Answer:Progressive tax


Question: Finance Commission is constituted :

Answer:once in five years


Question: The Report of Vijay Kelkar Committee relates to:

Answer:Tax Reforms


Question: Which one of the following is NOT the source of revenue of Central Government ?

Answer:Agriculture Income Tax


Question: Which one of the following is not a source of tax revenue in Indian States ?

Answer:Corporate Tax


Question: Which of the following taxes are levied and collected by the Centre but their net proceeds are wholly transferred to States ?

Answer:Taxes on Advertisements


Question: The budgetary deficit in the Union Budget of India is equal to :

Answer:Fiscal deficit minus capital deficit


Question: Which of the following is not a tax/duty levied by the Government of India ?

Answer:Toll Tax


Question: Which of the following taxes is collected by the Government on sale of goods and services in the country ?

Answer:VAT


Question: Fiscal deficit is:

Answer:Total expenditure less total receipts excluding borrowing


Question: Which of the following is not the part of the structure of the Financial system in India ?

Answer:Personal Finance


Question: Which of the following is not a source of tax revenue collected by the Government of India ?

Answer:Dividends and Profits


Question: The amount of which of the following reflects the overall budgetary position of the Government of India at a given time.

Answer:Fiscal Deficit