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CUET-UG Economics / Business Economics Test: Public Finance (Government Budget & Economy)
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Public finance is the study of the role of the government in the economy. It is the branch of economics that 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.

CUET-UG Economics / Business Economics Test: Public Finance (Government Budget & Economy)
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25 Questions

1. Market borrowings of the Central Government are included in
2. Assuming a declining marginal utility of money schedule, which one of the following principles will call for 'maximum progression'?
3. Capital gains mean
4. Fiscal Policy operates by changing
5. Hot money refers to the
6. Which one of the following is the aim of functional finance?
7. Since 1990, savings of the household sector in India have been
8. Municipalities finance their expenditure by imposing among others
9. The Union Government does NOT issue one of the following
10. In India, the states get maximum income from
11. The controlling authority of Government expenditure is
12. Which one of the following forms the largest share of deficit in Government of India budget?
13. Which one of the following statements is incorrect?
14. Consider the following items :
1. Expenditure on asset formation
2. Interest payment
3. Investment on education and health
4. Expenditure on collecting loans Of the above which are included in the capital expenditure of government budgets?
Select the correct answer from the codes given below
15. Black money is generated in India because of
16. Match List I with List II and select the correct answer using the codes given below the lists– (a) Service Tax 1. Central government (b) Stamp duty 2. State government (c) Property tax (d) Sales tax Codes: (a) (b) (c) (d)
17. Which of the following is not a direct tax?
18. Which of the following taxes is levied by the State Government only?
19. Which one among the following can not be made a progressive tax?
20. If supply is perfectly inelastic, then the short run impact of a specific sales tax would be to shift the tax burden
21. The basis of corporate tax is
22. Interest payment is an item of
23. Consider the following items included in a Balance Sheet
1. Demand deposits
2. Borrowings from the other banks
3. Cash kept with other banks
4. Endorsement of bills of exchange. Which of these are shown in the liability column of the Balance Sheet of a commercial bank?
24. Agricultural taxation in India is difficult because of
25. After allowing for state's share of taxation which of the following tax revenue brings in the largest amount of revenue to the Central Governmnet?

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