Fiscal Economics One Mark Questions

12th Standard EM

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 1 = 5
  1. The modern state is

    (a)

    Laissez-faire state

    (b)

    Aristocratic state

    (c)

    Welfare state

    (d)

    Police state

  2. One of the following is NOT a feature of private finance

    (a)

    Balancing of income and expenditure

    (b)

    Secrecy

    (c)

    Saving some part of income

    (d)

    Publicity

  3. GST is equivalence of

    (a)

    Sales tax

    (b)

    Corporation tax

    (c)

    Income tax

    (d)

    Local tax

  4. The old and popular term of Fiscal Economics is called _____________

    (a)

    Public dept

    (b)

    Public finance

    (c)

    Federal finance

    (d)

    Public expenditure

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

    (a)

    State

    (b)

    Central

    (c)

    Both (a) and (b)

    (d)

    None of the above

  6. 5 x 1 = 5
  7. Compoents of Budget

  8. (1)

    War and preparation of war

  9. State sources

  10. (2)

    Sources of revenue to the central as well as state government.

  11. Federal finance

  12. (3)

    Indirect tax

  13. GST

  14. (4)

    Revenue receipts Capital receipts Budget receipt

  15. Causes for Public Debt

  16. (5)

    Capitation tax, land revenue taxon land & building

*****************************************

TN 12th Standard EM Economics free Online practice tests

Reviews & Comments about 12th Standard Economics Unit 9 Fiscal Economics One Mark Question and Answer

Write your Comment