The principle of public expenditure that requires that it should be possible for public authorities to vary the expenditure according to the need and circumstances is: Expenditure on Internal law and order and defence, Public administration etc. Public Administration Multiple Choice Questions Test Paper (Solved) 26. correcting which of the following type of imbalances? Which of the following statement would describe the term "Public Finance"? Decision Making shortcut Tricks Pdf, Decision Making MCQ, Decision Making Objective Question & Answer Pdf. The resources transfer to the various departments, Borrowing by a Government from abroad and does not include borrowing from within the country, Borrowing by general public, private individuals or association of individuals from the Government which they need to repay to Government under the prescribed terms and conditions, Borrowing by General Public in the form of loans or advances from the Government, Local Bodies, Government owned financial institutions, Borrowing by a Government from within the country or from abroad, from private individuals or association of individuals or from banking and non-banking institutions, Proportion of different components of public debt. ____________ is the process of replacing maturing securities with new securities. At which of the following places, printing press of Reserve Bank of India is not present? Financing the public sector for expanding and strengthening the public enterprises. c) S.L.R. Banking Awareness Quiz – Set 221. This view has been attributed to. View Answer Discuss. Corporate Income tax is the tax levied on: Which of the following is the major source of revenue in India: Which of the following is not a Commodity Tax: A duty levied on goods when they entering a town. 2. c) Government Securities. 100 crores or more or having outstanding long term payments exceeding Rs. This will loved by all age groups.Angularjs Training in Chennai Angularjs Course in Chennai Ethical Hacking Course in Chennai Tally Course in Chennai Angular4 Training in Chennai ux design course in chennaiAngularjs Training Center in ChennaiAngularjs Training Chennai Angularjs Training in Chennai Angularjs Course in Chennai, Such an excellent and interesting blog, do post like this more with more information, This was very useful, Thank you. World Bank has five institutions- IBRD, IDA, International Finance Corporation, MIGA and ISCID. ones. The net proceeds of any tax or duty or of any part of any tax or duty, in or attributable to Which of the following could be a reason for raising public loans by a country? The Indian Government Accounting Standards are formulated and recommended by the, Institute of Chartered Accountants of India, Government Accounting Standards Advisory Board. ANSWER: a. Financial Management MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. ANSWER: a. Personal income taxIt is based on the principle of ability to pay. Google+. a) Indian contract act b) Company act c) Act that created them d) Indian partnership act e) Indian trust act and public act Ans: c 02. The term 'micro-finance' frequently appears in newspapers. that year is generally referred to as: Compulsory loans are superior to voluntary public borrowing in which of the following In case of Internal Debt, the direct money burden on the economy is huge as transfer of wealth happens within the community, In the case of External debt, the amount of repayment of interest and principal represents the direct money burden on the community, Debt obligations of the government that have maturities of one year or less is normally called, The Ways and Means advances (WMA) from central bank is an example of. intervenes, Perfectly competitive firm experiences P > MC, Central Assistance for State and UT plan is a part of, The ideal system of public Finance is one where the net benefit is. Income; utility; Intelligence; No of these 172. The Classical economists asserted that public expenditure is: The fiscal deficit excluding the interest liabilities for a year is called as. MCQ on Financial Management and Business Finance Part 1 important for NET and SET exam. Order of Precedence. B Nationalised Bank . War or war-preparedness, including nuclear programmes, To cover the budget deficits on current account. The Insurance Regulatory and Development Authority of India is established under: Insurance regulatory and development authority of India Act, 1999. There should be neither ever recurring surpluses nor deficits in the budgets. There should be a judge of the high court or someone who is qualified to be a judge 3. It is headed by Y V Reddy. Share this post... Facebook. In finance, we refer to the market where new securities are bought and sold for the first time? The main difference between Public and Private Finance is: a) Adjustment of income-expenditure b) Satisfaction o human wants c) Dissaving d) Borrowings 6. Which one of the following is not a tax base? It is the study of the role of the government in the economy. 8. In this post, we will be providing our readers with all the latest updated GK questions & answer quiz that will be really helpful for any aspirants that are preparing for any competitive exams.. As you all know that General Knowledge & general awareness is one of the most important topics for any competitive exams. May 2. The most important sources of plan finance to cover up gap between intended expenditure and available resource is in: (a) Direct taxes (b) Indirect taxes (c) Deficit financing (a) Foreign aid. This hypothesis is called. a) public revenue b) public expenditure c) public debt d) All of the aboveAns: All of the aboveQ6 Public finance is dull, unimaginative, extremely limited and almost an irrelevant disciplineis said by a) J. M. Buchnan b) Amresh Bagchi c) Harold M.Grooves d) H.DaltonAns: J. M. BuchnanQ7 is the study of the role of the government in the economy. Excise And Taxation Inspector Dogars Up To Date Guide Pdf Download Free. c) Balance sheet - where the firm is valued in terms of its assets. a) Discounted Cash flow b) Income or earnings - where the firm is valued on some multiple of accounting income or earnings. Expenditure on defence, interest payments, law and order maintenance and public administration expenses are generally treated as: Revenue Expenditure incurred for meeting current expenses of the Government, Capital Expenditure incurred for creating long-term assets of the Government, Expenditure which is incurred on activities directly related to economic development, Expenditure which is incurred on running the normal government administration. It is a branch of economics that studies the behavior of individuals and firms in making According to the Securities and Exchange Board of India Act 1992, Chairman of the SEBI would be appointed by: Central Government in consultation with the Government of Maharashtra, Board of Members of the Securities and Exchange Board of India. Sowba-December 7, 2017. of government? Risk is defined as uncertainties resulting in: a) Adverse outcome, adverse in relation to planned objectives or expectations b) Adverse variation of profitability or outright losses (financial risk) c) Both (a) & (b) d) None of these 2. EXPORT - IMPORT FINANCE MCQs EXPORT - IMPORT FINANCE MCQs Multiple Choice Questions. Corporation tax Union taxes are given in the list of 7th schedule in the constitution. It is the application of statistical and mathematical theories to economics for the purpose What did the Bhore Committee deal with? Public finance is a field of economics concerned with how a government raises money, how that money is spent and the effects of these activities on the economy and society. There should be a person with a specialized knowledge of finance and accounts of the government 4. Top 100 IAS 2021 | Economics की तेज़ रफ़्तार | दो घंटे लगातार MCQ | Economics | UPSC Adda. Which one of the following is not a non fund base credit? Which of the following is not one of the three fundamental methods of firm valuation? 100+ Easy General Knowledge Questions and Answers. Answer: If the … Audit of the Accounts of the Insurance Regulatory and Development Authority of India is the responsibility of the: Chartered Accountants appointed by the Government of India, Chartered Accountants appointed by the Government of India from the Panel of Auditors prepared by the CAG of India, Chartered Accountants appointed by the CAG of India. FEATURED FINANCE MCQ 1. whose certificate shall be final. Public Service Commission. Budget is a tool of public control over public finance. Accounting MCQ Questions and answers with easy and logical explanations. According to Classical Economics Public Financing is highly unproductive on the assumption that full employment, inelasticity of money supplies and unproductive nature of public expenditure, Voluntary Public Borrowing has a disincentive effect whereas taxation does not have a disincentive effect and as such taxation is preferable to voluntary public borrowing, In modern times public borrowing is most extensive and intensive meaning that almost all countries resort to public borrowing and public borrowing in each country is deepening. (a) 1 and 4 only (b) l, 2 and3 (c) 2, 3 and 4 (d) 1, 3 and 4 Ans. 1; 2 » Question No : 1 The income of the banking interest comes from . Public Debt has a secular tendency to go up in every country. Financing economic development esp. 1. Non‐rivalry and non‐excludability are the characteristics of: Some people cannot be prevented from consuming it, Consumption by one person reduces consumption of other individuals, Some people are excluded from consuming it, Free rider problem is one of the characteristics of, Those goods whose consumption and use are to be encouraged are called, The concept of Merit good was introduced by, The concept of merit good was introduced in the year, To bear some Really an awesome post for every one. Indian economy miscellaneous. in under-developed countries. ANSWER: a. Pinterest. 1. ANSWER: c. Primary deficit Primary deficit= fiscal deficit-interest payments. 9:30 AM:- General Science by UPSC ADDA 10:00 AM:- Geography by UPSC ADDA 10:30 AM:- History by UPSC ADDA 11:00 AM:- Economics by UPSC ADDA 11:30 AM:- Environment by UPSC ADDA 12:00 PM:- Current Affairs by UPSC ADDA 12:30 PM:- Polity by UPSC ADDA 01:00 PM:- General Science by UPSC ADDA 01:30 PM:- Geography by UPSC ADDA Economic Survey 2014-15 mentions - The Indian banking system is afflicted by what might be called “double […] Prelims MCQs Quiz 27 : Economy 1. The balanced budget principle was advocated by: The item or economic activity on which tax is imposed is known as. voluntary trade is the hallmark of: Which one of the following would best describe the study of “Public Finance”? b) For unlisted companies having paid up of Rs. Travelling Allowance Rules; September 1. Foreign Trade. 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