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50 MCQs Related with Economics (MA Economics entrance 2081, TU)

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1. Which of the following is NOT a feature of a mixed economy?  Complete absence of market 2. Which tax system is based on the principle of equity? Progressive tax system 3. What is the major source of government revenue in Nepal?  Indirect taxes 4. Which is an example of a capital gains tax in Nepal?  Tax on profit from selling property 5. What is the main objective of a government budget? Managing public expenditures and revenue 6. What does the concept of "marginal utility" measure?   Additional satisfaction from one more unit 7. What is the current per capita income of Nepalese people (approx.)? USD 1430 per person per year 8. Who introduced the concept of the invisible hand? Adam Smith 9. Which of the following measures economic inequality? Gini Coefficient 10. What is the main goal of economic development? Improved standard of living 11. Which of the following is a normative economic statement? Government should reduce unemployment. 12. What does "opportunity c...
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Public revenue & Its Sources in the Context of Nepal

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Public revenue refers to the total income a government collects from various sources to fund its operations and provide public services. In other words, public revenue is the sum of all these sources—taxes, non-tax income, grants, and borrowed funds. Governments use this money to pay for essential services like education, healthcare, infrastructure, and defense. Public Revenue Sources in the Context of Nepal Public revenue in Nepal refers to the income collected by the government to finance its operations, provide public services, and support development initiatives. Nepal operates under a federal system, established by the Constitution of 2072, which divides governance into three tiers: central, provincial, and local. Each level of government has specific revenue-raising powers, with the central government collecting the majority of the nation's public revenue. Below, I explain the main sources of public revenue in Nepal, focusing primarily on the central government while also ack...
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