Economics Mock Test #6
-
Which one of the following is a meassure of Fiscal Policy?
-
CRR
-
SLR
-
Bank Rate
-
Tax Rate
-
Quiz Preview
- 2.
Which one of the following is not a fiscal instrument?
-
Taxation
-
Open Market Operation
-
Subsidy
-
Public Expenditure
Correct Answer
A. Open Market Operation -
- 3.
The form of Taxation in which tax rate is increased when tax base expands
-
Progressive Taxation
-
Regressive Taxation
-
Degressive Taxation
-
Proportional Taxation
Correct Answer
A. Progressive Taxation -
- 4.
What is Pump Priming?
-
Injection of purchasing power into the public through government spending
-
Withdrawal of purchasing power from the public
-
Balancing revenue and expenditure
-
None of the above
Correct Answer
A. Injection of purchasing power into the public through government spending -
- 5.
Fiscal Federalism refers to
-
Division of political powers between center and states
-
Organising and implementing economic plans
-
Division of economic functions and resources among different layers of government
-
None of these
Correct Answer
A. Division of economic functions and resources among different layers of government -
- 6.
Which of the following options is an essential condition to satisfy the peoperty of a 'pure private good'?
-
Non exclusion
-
Exclusion
-
Low satisfation
-
None of the above
Correct Answer
A. Exclusion -
- 7.
Modern Canons of Taxation was propounded by
-
Bestable
-
Seligman
-
Adam Smith
-
Pigou
Correct Answer
A. Adam Smith -
- 8.
Income tax is based on the principle of
-
Ability to Pay
-
Willingness to Pay
-
Benefits Received
-
All of the above
Correct Answer
A. Ability to Pay -
- 9.
Primary Deficit means
-
Fiscal deficit - interest
-
Revenue deficit - interest payments
-
Fiscal deficit + Revenue deficit
-
Budgetary deficit
Correct Answer
A. Fiscal deficit - interest -
- 10.
Sound Tax Policy is devised mainly on the basis of
-
High income elasticity
-
High price elasticity
-
Elastic tax base
-
Maximum Tax Revenue
Correct Answer
A. Maximum Tax Revenue -
Quiz Review Timeline (Updated): Mar 19, 2022 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 19, 2022Quiz Edited by
ProProfs Editorial Team -
Oct 26, 2014Quiz Created by
George Paily
Test Your Knowledge On National Pawnbrokers Day!
Step into the realm of National Pawnbrokers Day with our engaging quiz! Test your understanding of the history, significance, and intricate workings of the pawnbroking industry....
Questions:
10 |
Attempts:
65 |
Last updated:
Nov 20, 2023
|
The Reagan Revolution: A Quiz On Reaganomics
Reaganomics, also known as supply-side economics, was an economic policy associated with President Ronald Reagan during the 1980s. This quiz aims to test your knowledge about the...
Questions:
15 |
Attempts:
139 |
Last updated:
Jul 24, 2023
|
How Much You Know About Protectionism?
Do you understand what trade is? Are you familiar with protectionism? Take this protectionism quiz and check your knowledge of the topic. Protectionism is a kind of government...
Questions:
10 |
Attempts:
65 |
Last updated:
Nov 16, 2023
|
Modern Economics In A Global Age Quiz
Do you understand the modern economy? Take this quiz on modern economics in a global age to test your basic knowledge. This is a quiz that comprises some basic and easy questions...
Questions:
10 |
Attempts:
257 |
Last updated:
Aug 16, 2023
|
Malthusian Theory Of Population Change Quiz
Are you a student of economics? If yes, then you might be familiar with the Malthusian theory of population change. The theory shows the direct correlation between population...
Questions:
10 |
Attempts:
653 |
Last updated:
Dec 06, 2023
|
Employment And Unemployment Quiz
How well do you understand the concept of employment and unemployment? Would you like to give this informative quiz a try? Employment and unemployment are two of the most...
Questions:
10 |
Attempts:
723 |
Last updated:
Aug 16, 2023
|
Back to top