This quiz works best with JavaScript enabled. Home > Finance > Public Finance > Public Finance – Quiz 31 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 31 (12 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is an example of direct tax A) Sales Tax. B) PIT. C) CIT. D) BIT. Show Answer Correct Answer: A) Sales Tax. 2. Non tax revenue of central government doesn't include A) Profit earned by RBI. B) Profit earned by Indian Railway. C) Revenue generated by public sector industries. D) Revenue generated by corporate sector. Show Answer Correct Answer: D) Revenue generated by corporate sector. 3. Which is not a reasonable reason for the necessity of borrowing money? A) Experiencing a deficit between income and expenses. B) Facing problems with revenue collection management. C) To respond to the policy of the Minister. D) To respond to the government's economic policy. Show Answer Correct Answer: C) To respond to the policy of the Minister. 4. It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones A) Public Finance. B) Public Management. C) Public Resources. D) None of above. Show Answer Correct Answer: A) Public Finance. 5. Under fiscal federalism if states differentiate themselves on the basis of taxes, spending, and regulation citizens have more freedom to decide the rules under which they live. A) False. B) True. Show Answer Correct Answer: B) True. 6. The government borrows money from RBI or directs to print additional currency to cover up A) Public debt. B) Deficit finance. C) Public finance. D) Budget defecit. Show Answer Correct Answer: B) Deficit finance. 7. An annuity paid to a group of investors who divided it equally among the survivors until the last was dead. A) Tontine lottery. B) Rente. C) Ponzi. D) Lottery. Show Answer Correct Answer: A) Tontine lottery. 8. Tax revenue is ..... A) All are correct. B) Taxation is the primary source of government revenue. C) Revenue may be extracted from sources such as individuals, public enterprises, trade, royalties on natural resources and/or foreign aid. D) The income that is gained by governments through taxation. Show Answer Correct Answer: A) All are correct. 9. The aim of the FRBMA are A) To instill financial discipline and reduce fiscal deficit. B) Improve macroeconomic management. C) The overall management of the public funds by moving towards a balanced budget. D) All of these. Show Answer Correct Answer: D) All of these. 10. The word budget corresponds to many words in foreign languages. But which one is not? A) Budget. B) Bougette. C) Bulga. D) Bond. Show Answer Correct Answer: D) Bond. 11. The main objective of ..... is to offer maximum social advantage to the society. A) Public finance. B) Private finance. C) Corporate finance. D) None of above. Show Answer Correct Answer: A) Public finance. 12. 9-*Public finance can be defined as the study of government activities, which may include spending, deficits and taxation. A) False. B) True. Show Answer Correct Answer: B) True. ← PreviousRelated QuizzesFinance QuizzesPublic Finance Quiz 1Public Finance Quiz 2Public Finance Quiz 3Public Finance Quiz 4Public Finance Quiz 5Public Finance Quiz 6Public Finance Quiz 7Public Finance Quiz 8Public Finance Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books