Economics MCQ Question and Answer
Economics MCQ Question and Answer
121. Which is the characteristic of a tax ?
- Tax is a payment for government service
- Tax is a compulsory payment
- Tax is voluntary
- To get benefit for a tax is compulsory
122. Which government income is included in revenue budget ?
- Tax-revenue
- Non-tax-revenue
- Both of above
- None of the above
123. Which is included in Capital budget ?
- Income received from public borrowings
- Income received from tax-sources
- Income received from non-tax sources
- All of the above
124. Which is not included in the principles of public expenditure as developed by Findley Shirras ?
- Principle of Economy
- Principle of Sanction
- Principle of Elasticity
- Principle of Surplus
125. Which of the following is the largest significant factor of revenue expenditure of Central Government ?
- Defence Expenditure
- Subsidy
- Interest Payment
- Salary
126. In comparison to revenue deficit; the size of fiscal deficit is always—
- Higher
- Smaller
- Similar
- Uncertain
128. What is the nature of income tax in India ?
- Proportional
- Progressive
- Regressive
- None of the above
129. Which factor is not related to economic development ?
- Continuous process
- Increase in real national income
- Long run and continuous increase
- Compulsory change in economic welfare
130. Process of economic development means—
- Economic change
- Social change
- Ethical, institutional and cultural change
- All of the above