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TN 12th Computer Applications வலையமைப்பு வடமிடல் Sample Question Papers Study Material - QB365 Set A
Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Book Back Questions in Class 12 Economics Subject - Fiscal Economics, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Economics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Economics Test
1.
Consider the following statements and identify the right ones.
(i) The finance commission is appointed by the President
(ii) The tenure of Finance commission is five years
i only
ii only
both
none
2.
Finance Commission determines
The finances of Government of India
The resources transfer to the states
The resources transfer to the various departments
None of the above
3.
Which one of the following deficits does not consider borrowing as a receipt?
Revenue deficit
Budgetary deficit
Fiscal deficit
Primary deficit
4.
The word budget has been derived from the French word "bougette" which means
A small bag
An empty box
A box with papers
None of the above
5.
Conversion of public debt means exchange of
New bonds for the old ones
Low interest bonds for higher interest bonds
Long term bonds for short term bonds
All the above
6.
Methods of repayment of public debt is
Conversion
Sinking fund
Funded debt
All these
7.
Deficit Budget means
An excess of government's revenue over expenditure
An excess of government's current expenditure over its current revenue
An excess of government's total expenditure over its total revenue
None of above
8.
The primary purpose of deficit financing is
Economic development
Economic stability
Economic equality
Employment generation
9.
The difference between total expenditure and total receipts including loans and other liabilities is called
Fiscal deficit
Budget deficit
Primary deficit
Revenue deficit
10.
The difference between revenue expenditure and revenue receipts is
Revenue deficit
Fiscal deficit
Budget deficit
Primary deficit
11.
"Revenue Receipts" of the Government do not include
Interest
Profits and dividents
Recoveries and loans
Rent from property
12.
Which of the following is not a tax under Union list?
Personal Income Tax
Corporation Tax
Agricultural Income Tax
Excise duty
13.
14.
The direct tax has the following merits except
equity
convenient
certainty
civic consciousness
15.
GST is equivalence of
Sales tax
Corporation tax
Income tax
Local tax
16.
Consider the following statements and identify the correct ones.
(i) Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
(ii) The Constitution also provides for transferring certain tax revenues from union list to states.
i only
ii only
both
none
17.
Which of the following canons of taxation was not listed by Adam smith?
Canon of equality
Canon of certainty
Canon of convenience
Canon of simplicity
18.
The tax possesses the following characteristics
Compulsory
No quid pro quo
Failure to pay is offence
All the above
19.
One of the following is NOT a feature of private finance
Balancing of income and expenditure
Secrecy
Saving some part of income
Publicity
20.
The modern state is
Laissez-faire state
Aristocratic state
Welfare state
Police state
1.
(c)
both
2.
(b)
The resources transfer to the states
3.
(c)
Fiscal deficit
4.
(a)
A small bag
5.
(b)
Low interest bonds for higher interest bonds
6.
(d)
All these
7.
(c)
An excess of government's total expenditure over its total revenue
8.
(a)
Economic development
9.
(a)
Fiscal deficit
10.
(a)
Revenue deficit
11.
(d)
Rent from property
12.
(c)
Agricultural Income Tax
13.
(b)
14.
(b)
convenient
15.
(a)
Sales tax
16.
(b)
ii only
17.
(d)
Canon of simplicity
18.
(d)
All the above
19.
(d)
Publicity
20.
(c)
Welfare state
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