This quiz works best with JavaScript enabled. Home > Public Finance > Public Finance – Quiz 20 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Public Finance Quiz 20 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... is the conventional concept of deficit on which the Indian government focused till the mid 1980s. A) Monetized deficit or Seigniorage. B) Budget deficit or Deficit Financing. C) Fiscal deficit or Overall Deficit. D) Revenue Deficit. Show Answer Correct Answer: B) Budget deficit or Deficit Financing. 2. The distribution of income and wealth cannot be influenced by government and made more equitable through tax-transfer scheme. A) True. B) False. Show Answer Correct Answer: B) False. 3. The receipts from sale of shares of public enterprises leads to reduction in assets of the government is example for A) Revenue receipts. B) Capital receipts. C) Public debit. D) Public revenue. Show Answer Correct Answer: B) Capital receipts. 4. Cash Reserve Ratio increases the cash for ..... : A) Lending. B) Borrowing. C) Mortgaging. D) None of These. Show Answer Correct Answer: A) Lending. 5. Universal Healthcare act is implemented in what year and month? A) November, 2017. B) December, 2018. C) January, 2019. D) February, 2019. Show Answer Correct Answer: D) February, 2019. 6. The receipts which either create a liability or cause a reduction in the assets of the government is called A) Revenue expenditure. B) Capital Revenue. C) Revenue Receipts. D) Capital expenditure. Show Answer Correct Answer: B) Capital Revenue. 7. Fisher's Equation of money is MV = PT A) True. B) False. Show Answer Correct Answer: A) True. 8. The bank provides loans for deficit financing countries A) Postal Bank of India. B) Co-operative Banks. C) Reserve Bank of India. D) Foreign Banks. Show Answer Correct Answer: C) Reserve Bank of India. 9. Which is the key word of the lesson? A) Economics. B) Fiscal policy. C) Public finance. D) Demand. Show Answer Correct Answer: C) Public finance. 10. Any change, effects or results brought about by an agency's programs or strategies upon individuals, social structures. or physical environment is? A) Outcome. B) Program. C) Activities. D) Impact. Show Answer Correct Answer: A) Outcome. 11. Who is proposing a model to explain the cycle of poverty? A) Adam Smith. B) John Menard Keynes. C) Alfred Marshall. D) Ragnar Nurse. Show Answer Correct Answer: D) Ragnar Nurse. 12. Deficit financing is always inflationary A) True. B) False. Show Answer Correct Answer: A) True. 13. How many members of the Surat Thani Provincial Administrative Organization Council are there at present? A) 36 people. B) 42 people. C) 48 people. D) 50 people. Show Answer Correct Answer: A) 36 people. 14. Dollars, pounds, rubles are examples of: A) Currency. B) Current. C) Currencies. D) Curry. Show Answer Correct Answer: C) Currencies. 15. Which of the following has an inverse relationship? A) Money supply and interest rates. B) Money supply and investment. C) Investment and consumption. D) Investment and growth. Show Answer Correct Answer: A) Money supply and interest rates. 16. Contractionary fiscal policy corresponds to which of the following in English? A) Expansionary Fiscal Policy. B) Expansionary Monetary Policy. C) Restrictive Monetary Policy. D) Restrictive Fiscal Policy. Show Answer Correct Answer: D) Restrictive Fiscal Policy. 17. Difference between fiscal deficit and intrest payment is called- A) Revenue deficit. B) Fiscal deficit. C) Primary deficit. D) None of the above. Show Answer Correct Answer: C) Primary deficit. 18. Since WWII, the circular flow has greatly included ..... A) The government. B) Individuals. C) Businesses. D) None of above. Show Answer Correct Answer: A) The government. 19. National income accounting tracks ..... A) Overall income. B) Rates of growth. C) Harvest production. D) None of above. Show Answer Correct Answer: A) Overall income. 20. The preamble of the Constitution presents the purpose to promote ..... A) Private institutions. B) General welfare. C) Freedom of religion. D) None of above. Show Answer Correct Answer: B) General welfare. ← PreviousNext →Related 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 9Public Finance Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books