TN State Board Samacheer Kalvi Online Test for 12th Std - Economics - English - Fiscal Economics

Question 1 Of 10

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

Question 2 Of 10

The difference between revenue expenditure and revenue receipts is

Revenue deficit Fiscal deficit Budget deficit primary deficit

Question 3 Of 10

The process of repaying a public debt is called …………………

Sinking fund Conversion Redemption Annuity

Question 4 Of 10

Which of the following is a direct tax?

Excise duty Income tax Customs duty Service tax

Question 5 Of 10

Consider the following statements and identify the correct ones.

i only ii only both none

Question 6 Of 10

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

Question 7 Of 10

The difference between total expenditure and total receipts including loans and other liabilities is called

Fiscal deficit Budget deficit Primary deficit Revenue deficit

Question 8 Of 10

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 aboye

Question 9 Of 10

………………………. deals with the study of income, expenditure, borrowing, and financial administration of the government.

Public Finance Public Revenue Public Expenditure Public Debt

Question 10 Of 10

As per the 2011 census, the population of India is …………..crore’

112 121 211 36.7

Tamil Nadu State Board ( Samacheer Kalvi ) Online Test based on Book Back Questions - 12th Standard Economics - English Medium - Fiscal Economics

Samacheer Kalvi 12th Economics - Fiscal Economics - Book Back Questions in English Medium