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Fiscal Economics 1 Mark Creative Question Paper With Answer Key

12th Standard

    Reg.No. :
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Economics

Time : 00:15:00 Hrs
Total Marks : 15

    Multiple Choice Question 

    15 x 1 = 15
  1. The old and popular term of Fiscal Economics is called _____________

    (a)

    Public dept

    (b)

    Public finance

    (c)

    Federal finance

    (d)

    Public expenditure

  2. Public finance is related to the financing of the ___________ activities.

    (a)

    State

    (b)

    Central

    (c)

    Both (a) and (b)

    (d)

    None of the above

  3. Bougett refers to a _________

    (a)

    bag

    (b)

    a small purse

    (c)

    a small leather bag

    (d)

    a small box

  4. Unbalanced budget are of ____________ types

    (a)

    3

    (b)

    2

    (c)

    4

    (d)

    5

  5. Budget estimates are prepared by _____________

    (a)

    Ministry of Finance

    (b)

    Public finance

    (c)

    Public Revenue

    (d)

    All the above

  6. A ________ is a penalty imposed on an individual for violation of law.

    (a)

    Grants

    (b)

    Aids

    (c)

    Fine

    (d)

    fees

  7. Sale within the states are _________

    (a)

    IGST

    (b)

    CGST

    (c)

    SGST

    (d)

    Both (b) and (c)

  8. GST will mainly remove the _________

    (a)

    Cascading effect

    (b)

    VAT

    (c)

    CGST

    (d)

    Both (a) and (c)

  9. _________ cosists of capital receipts and capital expenditure.

    (a)

    Budge

    (b)

    Capital budget

    (c)

    Revenue

    (d)

    Supplementary budget

  10. The Indian government accounts are maintained in _________

    (a)

    Three

    (b)

    Four

    (c)

    Five

    (d)

    Eight

  11. Financial operation of the government  _____________

    (a)

    Treasury

    (b)

    Bills of payment

    (c)

    Bills of exchange

    (d)

    All the above

  12. The term 'Fiscal' is derived from ___________ word.

    (a)

    Latin

    (b)

    French

    (c)

    Greek

    (d)

    British

  13. Public finance has been newly termed as __________

    (a)

    Fiscal policy

    (b)

    Fiscal economics

    (c)

    Federal finance

    (d)

    None of these

  14. ___________ state is a welfare state.

    (a)

    Economic

    (b)

    Political

    (c)

    Modern

    (d)

    Fiscal

  15. 'Public finance' is a study of the financial aspects of ________

    (a)

    The Private

    (b)

    The Local

    (c)

    Both 'a' and 'b

    (d)

    The Government

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