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Chapter 11 of 30
Practice Quiz

Public Finance And Budget

Telangana Open School (TOSS) · Class 12 · Economics

Practice quiz for Public Finance And Budget — Telangana Open School (TOSS) Class 12 Economics. MCQs and questions with answers to test your preparation.

44 questions30 flashcards5 concepts

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Quick Quiz: Public Finance And Budget

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1

What is the main source of tax revenue for the Central Government in India?

2

Which of the following is an example of non-tax revenue?

3

When was the Goods and Services Tax (GST) implemented in India?

4

Which tax is levied on the supply of goods and services?

44 Questions·
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Sample Questions

1multiple choice
1 marks

Which of the following is a direct tax?

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Personal income tax

Direct taxes are those where the burden cannot be shifted, such as income tax paid directly by individuals.

2multiple choice
1 marks

What does CGST stand for?

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Central Goods and Services Tax

CGST stands for Central Goods and Services Tax, which is collected by the Central Government under the GST regime.

3multiple correct
1 marks

Which of the following is a component of public finance?

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Public revenue,Public expenditure,Public debt

Public finance consists of three main components: public revenue, public expenditure, and public debt.

4multiple choice
1 marks

Which body recommends the distribution of tax proceeds between the Centre and States?

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Finance Commission

The Finance Commission is established under Article 280 to recommend the distribution of tax revenues between the Centre and States.

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Frequently Asked Questions

What are the important topics in Public Finance And Budget for Telangana Open School (TOSS) Class 12 Economics?
Public Finance And Budget covers several key topics that are frequently asked in Telangana Open School (TOSS) Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Public Finance And Budget — Telangana Open School (TOSS) Class 12 Economics?
Understand the core concepts first, then work through the 44 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for Telangana Open School (TOSS) Class 12 Economics.