Public Finance MCQs and Notes
Q. The economic incidence of a unit tax is
✅ Correct Answer: (D)
independent of the statutory incidence for the tax.
Q. Externalities can be positive because
✅ Correct Answer: (B)
utility can be impacted positively as well as negatively.
Q. All type of income received to government is called .............. income.
✅ Correct Answer: (B)
public
Q. The tax on net income of companies is
✅ Correct Answer: (D)
corporation tax
Q. Shifting of tax depends on ..............of goods.
✅ Correct Answer: (A)
elasticity
Q. ………………...is that process in which taxpayer tries to shift burden of tax on others.
✅ Correct Answer: (B)
shifting of tax
Q. Which of the following taxes is/are withdrawn or abolished?
✅ Correct Answer: (D)
all the above