List of top Economics Questions on Public Finance

Sequence the evolution of taxation principles in modern Economics: A. Ability to pay principle, B. Benefit principle, C. Optimal taxation theory, D. Equity and efficiency consideration, E. Dead weight loss concept.
Arrange the following in chronological oldest to latest order: A. Introduction of Income tax in India, B. Constitutional Amendment to establish finance commission, C. GST in India, D. FRBM Act, E. 16th Finance Commission.

Complete the following market demand schedule. 

How are consumers exploited by retailers?
Define the term demand.
Outline two primary reasons why economists consider that the supply of land is fixed.
The Government of India borrows a large sum of money from international financial institutions to build highways and modernize railways. This situation is an example of:
Statement 1: Income tax, GST, and Custom Duties are examples of Tax Revenues.
Statement 2: Excise and Forfeitures are also part of Tax Revenues.
What do you understand by Revenue Deficit?
What is Government budget?
When Government spends more than its revenue collection, such excess is known as:
Options:
What do you understand by Primary Deficit?
What do you understand by Fiscal Deficit?
Explain the concepts of 'Revenue deficit', 'Fiscal deficit' and 'Primary deficit'.
Describe the items of Revenue Budget and Capital Budget of the Government.
Which one of the following is a direct tax?
In the Government budget, 'transfer payments' are the payments made by the Government:
Write the meaning of Direct Tax. Highlight its important advantages.
What is meant by Government Budget ?
Who imposes Income Tax?
Who is the Finance Minister of India ?