It is the branch of economics which assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable

ones

Taxes that are imposed directly on the taxpayer

" True or False"

Public debt is the total amount, including total liabilities, borrowed by the government to meet its development budget

What is a tax?

Incidence of a tax refers to the--------------burden of tax:

In the case of direct tax, impact and incidence are on:

When Ed=∞or Es=0, the whole incidence is on

The economist associated with the principle of Maximum Social Advantage is ____________

Which of the following is not an assumption of the principle of MSA?

Public expenditure is subject to-

The maximum Welfare Principle Of Budget Determination is associated with

According to Article _____ of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year.

Fiscal deficit =

Difference between fiscal deficit and intrest payment is called-

A performance budget is one that reflects ________ for each unit of an organization.

Which of the following type of public expenditure is characterized by quid-pro-quo?

The expenditure of the government on law and order is classified as ______________

Debts that are repaid at some specified date are known as __________________

External loans can be raised from :

Irredeemable debt is known as________.

Principles of Public Debt Management include all of the following EXCEPT:

A ______ is created by the government and gradually accumulated every year by setting aside a part of current public revenue in such a way that it would be sufficient to pay off the funded debt at the time of maturity.

The three prominent themes of the Union Budget 2020-21 are given below EXCEPT:

The three components of Aspirational India include all of the following EXCEPT:

The full form of FRBM Bill is ____________

Which of the following is NOT an objective of the FRBM Act 2003?

As per FRBM Act, the central government should reduce revenue deficit to zero by ___________?

The FRBM Act requires the planning of ________ before both houses of Parliament

FRBM Act was passed on

The Fiscal Responsibility and Budget Management (FRBM) Act aimed for

1. eliminating both revenue deficit and fiscal deficit

2. giving flexibility to RBI for inflation management

all of the following are criticisms against the FRBM Act except:

The relationship between deficits and debts is

Expansionary fiscal policies lead to ___________________ spending.

The government borrows money to cover any deficits it runs by

_____________ is the conventional concept of deficit on which the Indian government focused till the mid 1980s.

Fiscal deficit is widely used a __________ for macroeconomic effect of the budget in many industrialized countries.

Monetized deficit or ______, is the difference between the face value of money and the cost to produce it.

________ is the difference between the face value of money and the cost to produce it.

Which tax cannot be shifted to others?

When Es=∞or Ed=0, the whole incidence is on

When Es> Ed, more incidence is on

When Ed>Es, more incidence is on

What is the principle that says people who benefit directly from public goods should pay for them in proportion to the amount of benefits received?

Dalton considers incidence as the _________ of tax on the person who ultimately pays it.

According to Mrs. Hicks, the exact reaction of tax payers or the economic repercussions can only be understood through the concept of _________.

________ is one when the pattern of distribution changes due to the imposition of a new tax or by changing the rates of existing taxation, keeping public expenditure and other budgetary phenomena unchanged.

The concept of ___________ is much appreciated by modern economists, as it relates to a change in the tax system.