S.Y.B.com Business Economics MCQ With Answers
Mumbai University S.Y.B.Com All Subject MCQ Link In One Link
Q.1 A tax is a ____________
a) Compulsory contribution of citizen who are liable
b) Optional
c) Political phenomenon
d) External affairs
ANS: A
Q.2 Special assessment means_________
a) General tax on all people
b) A tax for specific benefit conferred
c) Gift tax
d) Entertainment tax
ANS: B
Q.3 Which of the following is not a
characteristic of a tax?
a) It is a compulsory payment
b) It has quid –pro-quo
c) It involves sacrifice
d) It is legal
ANS: B
Q.4 Indirect taxes are not levied on which
of the following aspects of a commodity
a) Production
b) Sales
c) Movement of goods
d) Profit margin
ANS: D
Q.5 Indirect taxes have a/an ________ effect
on the society.
a) Progressive
b) Regressive
c) Equitable
d) Proportional
ANS: C
Q.6 Taxes on luxuries goods are___________
a) Progressive in effect
b) Regressive in effect
c) On film producers
d) Equitable in effect
ANS: A
Q.7 Direct taxes are_________
a) wasteful
b) elastic
c) on everybody
d) less elastic
ANS: B
Q.8 Which is the nature of income tax in
India?
a) Proportional
b) Progressive
c) Regressive
d) Degressive
ANS: B
Q.9 Direct taxation is better from of
taxation because___________
a) It fetches more revenue
b) It can be more easily collected
c) It allows for taxation according to means
d) It has greater tax compliance
ANS: C
Q.10 Cost- push inflation results
from________
a) Direct taxes
b) Indirect taxes
c) Incomes taxes
d) Wealth taxes
ANS: B
Q.11 incidence of tax refers to __________
a) Immediate money burden
b) Indirect real burden
c) Immediate real burden
d) Final money burden
ANS: D
Q.12 Ultimate burden of tax is known
as________
a) Impact
b) Incidence
c) Shifting of tax
d) Property tax
ANS: B
Q.13 In case of direct tax, impact and
incidence are on ______
a) Same person
b) Different person
c) Sellers
d) Consumer
ANS: A
Q.14 shifting of the burden of tax refers to
_______
a) Avoiding of tax
b) Imposing tax
c) Shifting tax burden from one person to another
d) Burden on same person
ANS: C
Q.15 In perfectly elastic demand the entire
burden of tax is on _______
a) buyer
b) Seller
c) Consumer
d) Common man
ANS: B
Q.16 Government expenditure on maintenance of
defense establishments is and example of __
a) Development expenditure
b) Non-development expenditure
c) Capital expenditure
d) Productive expenditure
ANS: B
Q.17 Government expenditure on interest
payment is an example of_________
a) Development expenditure
b) Plan expenditure
c) Non-development expenditure
d) Productive expenditure
ANS: C
Q.18 Which of the following is not a part of
developmental expenditure?
a) Expenditure on agriculture
b) Expenditure on industries
c) Expenditure on transport
d) Expenditure on administrative services
ANS: D
Q.19 Development expenditure in incurred on
__________
a) Defense
b) Interest payment
c) Subsidies
d) Infrastructure
ANS: D
Q.20 Non-transfer expenditure include _________
a) Old-age pension
b) Unemployment allowances
c) Interest payments
d) Expenditure on education
ANS: D
Q.21 Expenditure on ______ is a non-plan
expenditure
a) Sarva Shiksha Abhiyan
b) Mid-day meal
c) Interest payment
d) Higher education
ANS: C
Q.22 _______ implies that the public
expenditure should bring maximum social advantage to
the entire society.
a) Canon of economy
b) Canon of benefit
c) Canon of sanction
d) Canon of productivity
ANS: B
Q.23 Public expenditure is incurred to
________
a) Make profits
b) Maximum social welfare
c) Increase surplus
d) Incur debts
ANS: B
Q.24 The controlling authority of government
expenditure is ______
a) RBI
b) Ministry of finance
c) Niti Aayog
d) Finance commission
ANS: D
Q.25 Transfer payments do not include_________
a) Old age pension
b) Defense expenditure
c) Interest payment
d) Subsides
ANS: B
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