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Public Finance Questions

Practice 24 Public Finance questions with detailed answers and explanations. Free MCQs, PYQs, and mock test questions for NEET, JEE, GATE, SSC and more.

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24
Total Questions
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2
Easy
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22
Medium
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0
Hard
Practice by Exam:Economics(8)Indian Economy(5)General Studies(3)General Awareness(3)Economy(2)Indian Polity & Economy(2)Indian Polity(1)

About Public Finance — practice questions, PYQs & concepts

Public Finance is a frequently-tested topic on Economics, Indian Economy, General Studies. ExamTest.live currently lists 24 Public Finance questions spanning previous-year papers from 2026 to 2026, each with worked solutions and a step-by-step explanation. Use the filters on this page to focus on a specific exam, difficulty level or year — every answer key is free, no sign-up required.

Public Finance weight in competitive exams

Across our Public Finance question bank, the largest sources are Economics (8), Indian Economy (5), General Studies (3), General Awareness (3) and Economy (2). Click any exam chip above to drill down to that exam-specific question set.

How to use this page

  • Start easy: 2 easy Public Finance questions are available — build fluency before moving up.
  • Target weak years: Use the year filter to focus on the most recent 2026 paper or older PYQs you have not attempted.
  • Time yourself: Every question shows the average solve time so you can benchmark your speed against other students.
  • Read every explanation: Even on questions you got right — the explanation often surfaces a faster approach you can reuse.

All Public Finance Questions(1–24 of 24)

Filter:
Q1mediummcqEconomicsCompetitive Exam Practice Paper2026
0% accuracy
Development expenditure of the Central Government does not include:
Q2mediummcqEconomicsWBCS Prelims 20182026
0% accuracy
Fiscal Deficit can be expressed as:
Q3mediummcqEconomicsSSC GD2026
0% accuracy
The railway budget is:
Q4mediummcqEconomicsWBCS Prelims2026
0% accuracy
The gross fiscal deficit in as per cent to G.D.P. of India?
Q5mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
The Laffer curve is a graphical representation of the relationship between:
Q6mediummcqEconomicsCompetitive Exam2026
0% accuracy
Which of the following is not included under the developmental expenditure of the Central Government?
Q7mediummcqEconomicsCompetitive Exams2026
0% accuracy
What is the imbalance caused by the government spending more than it collects through revenue called?
Q8mediummcqEconomicsCompetitive Exams2026
0% accuracy
What has been the trend of the share of direct taxes in India after the economic reforms?
Q9mediummcqEconomicsCompetitive Exams2026
0% accuracy
Which is historically the most important source of own revenue for the States in India?
Q10mediummcqGeneral StudiesIndian Competitive Exams2026
0% accuracy
Which of the following is included in the Indian Budget?
Q11mediummcqGeneral StudiesCompetitive Exams2026
0% accuracy
Which of the following formulates the Fiscal Policy?
Q12easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
100% accuracy
Which of the following are included in 'revenue receipts'?
(a) Tax Revenue
(b) Non-tax Revenue
Q13mediummcqGeneral AwarenessCompetitive Exams2026
The economic survey is usually presented _______ before the Union Budget.
Q14mediummcqEconomySSC CGL2026
Which ITNS (Income Tax New Series) challan is used by Indian taxpayers to deposit the tax collected at source?
Q15mediummcqIndian EconomyCompetitive Exams2026
What was the gross fiscal deficit in 2014-15 as a percentage of the G.D.P. of India?
Q16mediummcqEconomyCompetitive Exam2026
At the time this state examination question was originally compiled following the 2015-16 cycles, how many Finance Commissions had formally submitted their recommendations or reports to the Government of India?
Q17mediummcqIndian EconomyCompetitive Exam2026
Development expenditure of the Central Government does not include
Q18mediummcqIndian Polity & EconomyIndian Competitive Exams2026
The Public Accounts Committee (PAC) of the Indian Parliament consists of members drawn from:
Q19mediummcqIndian EconomyCompetitive Exam2026
National expenditure includes
Q20mediummcqIndian EconomyGovernment Exams2026
Deficit financing means that the government borrows money from the
Q21mediummcqIndian EconomyCompetitive Exams2026
Consider the statements about GST:
(i) Both Central and State taxes will be collected at the point of sale.
(ii) The Central and State GST will be charged on the manufacturing cost.
Which of the above statements is/are correct?
A) (i) only
B) (ii) only
C) both (i) and (ii)
D) None of the above
Q22mediummcqIndian Polity & EconomyIndian Competitive Exams2026
The Union Budget presented annually to the Indian Parliament includes which of the following accounting data?
Q23mediummcqIndian PolityCompetitive Exams2026
Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are
Q24easymcqGeneral AwarenessSSC Selection Post 2021 Matriculation Level2026
Which of the following does NOT fall under the category of Public Goods?

Frequently Asked Questions

How many Public Finance questions are on ExamTest.live?▼
We have 24 Public Finance questions spread across 1 pages, covering easy, medium, and hard difficulty levels with detailed explanations.
Are Public Finance MCQs free?▼
Yes. All Public Finance questions, answers, and explanations on ExamTest.live are completely free. No account or subscription required.
Which exams include Public Finance questions?▼
Public Finance questions are commonly asked in Economics, Indian Economy, General Studies, General Awareness, Economy. You can filter by exam using the links above.
How do I practice Public Finance questions effectively?▼
Start with easy questions to build confidence, then tackle medium and hard ones. Use the filter buttons to sort by difficulty. Reveal the answer only after attempting each question, and read the explanation thoroughly.