McqMate
Chapters
301. |
Which of the following are referred to as the developed economies? |
A. | Countries earning huge industrial profits |
B. | Countries proficient in trade and export |
C. | Countries having large per capita income |
D. | Countries advanced in technology |
Answer» C. Countries having large per capita income |
302. |
An advalorem duty is a tax on the basis of: [IAS 1988] |
A. | the price of a commodity |
B. | the value added |
C. | the advertisement expenditure |
D. | the unit of the commodity |
Answer» A. the price of a commodity |
303. |
Consider the following statements with regard to Statutory liquidity Ratio (SLR) :
|
A. | 1, 2 and 3 |
B. | 1 and 3 |
C. | 2 and 3 |
D. | 2 only |
Answer» C. 2 and 3 |
304. |
Which of the following is not true about 'vote-on-account'? [Bank PO 1991] |
A. | It is a budget presented in the Parliament to cover the deficit left by the last budget |
B. | It does not allow the Government to set for the economic policies of the new plan which starts from April 1 |
C. | It prevents the Government from imposing fresh taxes or withdrawing old one |
D. | This allows the Government to withdraw an amount for a period with the consent of Parliament |
Answer» A. It is a budget presented in the Parliament to cover the deficit left by the last budget |
305. |
Consider the following statements:
|
A. | 1 only |
B. | 2 only |
C. | Both 1 and 2 |
D. | Neither 1 nor 2 |
Answer» A. 1 only |
306. |
The system of Budget was introduced in India during the viceroyalty of: [Central Excise 1994] |
A. | Canning |
B. | Dalhousie |
C. | Ripon |
D. | Elgin |
Answer» A. Canning |
307. |
Which one of the following statements is correct? Fiscal Responsibility and Budget Management Act (FRBMA) concerns [IAS 2006] |
A. | fiscal deficit only |
B. | revenue deficit only |
C. | both fiscal and revenue deficit |
D. | neither fiscal deficit nor revenue deficit |
Answer» C. both fiscal and revenue deficit |
308. |
Temporary tax levied to obtain additional revenue is called: |
A. | cess |
B. | rate |
C. | fee |
D. | surcharge |
Answer» D. surcharge |
309. |
A tax Which is paid by the person on whom the tax is incident is called a : |
A. | local tax |
B. | indirect tax |
C. | direct tax |
D. | rate |
Answer» C. direct tax |
310. |
Rate of growth of an economy is measured in terms of: |
A. | per capita income |
B. | industrial development |
C. | number of people who have been lifted above the poverty line |
D. | national income |
Answer» D. national income |
311. |
The standard of living in a country is represented by its: |
A. | national income |
B. | per capita income |
C. | poverty ratio |
D. | unemployment rate |
Answer» B. per capita income |
312. |
Which is the best measure of economic growth of a country ? |
A. | GNP |
B. | GDP |
C. | Net revenue |
D. | None of these |
Answer» A. GNP |
313. |
Since 1951, in India: |
A. | national income has increased but per capita income has decreased |
B. | national and per capita incomes have both increased fast |
C. | national income has increased and per capita income has also increased but at a slower rate |
D. | national income and per capita income have increased every year |
Answer» C. national income has increased and per capita income has also increased but at a slower rate |
314. |
Which of the following expenses do not require the sanction of Parliament?
|
A. | I, II, III, IV |
B. | I, II, III |
C. | I, II |
D. | II, IV |
Answer» C. I, II |
315. |
Once the demands for grants and expenditure of different departments are passed by the Parliament, a bill to draw money from Consolidated Fund India for these purposes is introduced. This bill is called: |
A. | finance bill |
B. | money bill |
C. | appropriation bill |
D. | credit budget bill |
Answer» C. appropriation bill |
316. |
By which bill does the government make arrangement for the collection of revenues for a year? |
A. | Supplementary Budget |
B. | Finance Bill |
C. | Fiscal Budget |
D. | Economic Bill |
Answer» B. Finance Bill |
317. |
Grants or advances made by the House to enable the government to carry on until the voting of the demands for grants and passing of the General Appropriation Bill is called: |
A. | vote on account |
B. | complementary budget |
C. | supplementary budget |
D. | contingency budget |
Answer» A. vote on account |
318. |
On account of some national emergency or in order to carry out some secret mission, the government sometimes requires funds but may not give the details of the expenditure estimates. The House grants some lumpsum for this called : |
A. | emergency budget |
B. | vote of Credit |
C. | contingency bill |
D. | supplementary budget |
Answer» B. vote of Credit |
319. |
Consider the following statements:
|
A. | both A and Bare correct |
B. | both A and Bare wrong |
C. | A is correct, B is wrong |
D. | A is wrong, B is correct |
Answer» A. both A and Bare correct |
320. |
Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years?
|
A. | 1 and 2 |
B. | 2 and 3 |
C. | 2 only |
D. | 1 only |
Answer» C. 2 only |
321. |
Which of the following is wrongly matched? |
A. | Cess-a compulsory levy collected by the government for a particular purpose from all persons |
B. | Rate-a compulsory levy collected by the government from the beneficiaries of particular schemes |
C. | Corporation tax-levied by corporations for civic amenities |
D. | Proportional tax-a tax levied at the same time at all levels of the base |
Answer» C. Corporation tax-levied by corporations for civic amenities |
322. |
The basic attribute of a formal organization is : [CPO AC 2003] |
A. | esteem and prestige |
B. | roles and duties |
C. | dominance and supremacy |
D. | rules and regulations |
Answer» D. rules and regulations |
323. |
If the price of an inferior good falls, its demand: [CPO SI 2003] |
A. | rises |
B. | falls |
C. | remains constant |
D. | can be any of the above |
Answer» C. remains constant |
324. |
The existence of a Parallel Economy or Black Money: [CPO SI 2003] |
A. | makes the economy more competitive |
B. | makes the monetary policies less effective |
C. | ensures a better distribution of income and wealth |
D. | ensures increasing productive investment |
Answer» B. makes the monetary policies less effective |
325. |
Put the main sources of revenue of the Central Government in ascending order of importance:
|
A. | 1, 2, 3, 4 |
B. | 3, 2, 4, 1 |
C. | 4, 3, 1, 2 |
D. | 4, 3, 2, 1 |
Answer» D. 4, 3, 2, 1 |
326. |
The highest sector wise contribution to gross domestic saving comes from: |
A. | private corporate sector |
B. | household sector |
C. | public sector |
D. | cooperative sector |
Answer» B. household sector |
327. |
An amount given by a government agency or even private body to encourage a particular economic activity is a : |
A. | grant |
B. | loan |
C. | subsidy |
D. | mutual fund |
Answer» C. subsidy |
328. |
Why has the general budget till recently always been presented at 5 o’ clock in the evening? |
A. | All countries present their budgets at this time |
B. | So that there is no time for traders to manipulate the prices |
C. | It is a convention of official secrecy |
D. | It is a carry-over from times of British rule when the Budget could be discussed in the British Payment simultaneously |
Answer» D. It is a carry-over from times of British rule when the Budget could be discussed in the British Payment simultaneously |
329. |
Which of the following would signify scarcity in economics? |
A. | Production of 100 kg of a certain item instead of the targeted 150 kg |
B. | Availability of 10 kg of rice against a demand for 15 kg |
C. | Availability of post-graduates for jobs of typists |
D. | Quantity supplied remains the same when price changes |
Answer» B. Availability of 10 kg of rice against a demand for 15 kg |
330. |
The per capita income has been low in India because: |
A. | of population growth |
B. | of price rise |
C. | more people are in rural areas |
D. | of regional imbalances |
Answer» A. of population growth |
331. |
The rate of growth of the tertiary sector has been: |
A. | higher than the overall rate of growth of the net domestic product |
B. | lower than the overall rate of growth of the net domestic product |
C. | same as the overall rate of growth of the net domestic product |
D. | fluctuating when compared to growth of net domestic product |
Answer» A. higher than the overall rate of growth of the net domestic product |
332. |
Since independence, both development and non-development expenditures have Increased, the increase in the former being a little more than in the other. Non development expenditure involves:
|
A. | 1 and 2 |
B. | 1 only |
C. | 1, 2 and 3 |
D. | 2, 3 and 4 |
Answer» C. 1, 2 and 3 |
333. |
Which among the following formulates fiscal policy? |
A. | RBI |
B. | Finance Ministry |
C. | SEBI |
D. | Planning Commission |
Answer» B. Finance Ministry |
334. |
Which among the following is the regulatory authority for giving clearance for External Commercial borrowing? |
A. | Foreign Investment Promotion Board |
B. | RBI |
C. | SEBI |
D. | Foreign Investment Promotion Council |
Answer» B. RBI |
335. |
The Zero Base Budgeting in India was first experimented from: |
A. | April, 1987 |
B. | April, 2000 |
C. | April, 1991 |
D. | None of these |
Answer» A. April, 1987 |
336. |
The prices at which the government purchases food grains for maintaining the public distribution system and for building up buffer stocks are known as : |
A. | Minimum Support Prices |
B. | Procurement Prices |
C. | Issue Prices |
D. | Ceiling Prices |
Answer» B. Procurement Prices |
337. |
Who is the chairman of 13th Finance Commission? |
A. | C. Rangarajan |
B. | M.N. Vohra |
C. | Bimal Jalan |
D. | Vijay Kelkar |
Answer» D. Vijay Kelkar |
338. |
The South Asian Free Trade Agreement (SAFTA) was introduced with a view of levying how much customs duty for trading any product within the SAARC zone? [RBI Grade B Officer 2011] |
A. | 5% |
B. | 4% |
C. | 2% |
D. | No customs duty |
Answer» D. No customs duty |
339. |
'Balanced Growth' means: |
A. | growth which brings about a balance between the rich and the poor |
B. | growth which brings about a balance between the public and private sectors |
C. | growth which brings about a balance between the traditional and modern sector |
D. | growth pattern on which simultaneous investments are made in all the sectors of the economy, viz., Agriculture, Industry, Transport, Communication, etc. |
Answer» D. growth pattern on which simultaneous investments are made in all the sectors of the economy, viz., Agriculture, Industry, Transport, Communication, etc. |
340. |
Increase in Oil Pool Deficit implies: |
A. | increasing gap between international and domestic oil prices |
B. | domestic oil price is comparatively more than international price |
C. | government's Fiscal Deficit goes up |
D. | none of these |
Answer» A. increasing gap between international and domestic oil prices |
341. |
Dear Money Policy implies: |
A. | high price level |
B. | large money supply |
C. | high production |
D. | high interest rates |
Answer» D. high interest rates |
342. |
Which of the following is wrongly matched: |
A. | share market-stock exchange |
B. | interest rate-fiscal policy |
C. | export subsidy-fiscal policy |
D. | general price index-inflation |
Answer» B. interest rate-fiscal policy |
343. |
Railway Budget in India was separated from general budget in : |
A. | 1924-25 |
B. | 1941-42 |
C. | 1947-48 |
D. | 1950-51 |
Answer» A. 1924-25 |
344. |
In recent years the capital outlays for the defence service have been: |
A. | increasing steadily |
B. | more or less constant |
C. | going down steeply |
D. | fluctuating frequently |
Answer» A. increasing steadily |
345. |
Which one of the following is the most important item of non-plan expenditure? |
A. | Interest payment |
B. | Defence |
C. | Fertiliser subsidies |
D. | Loans to public enterprises |
Answer» A. Interest payment |
346. |
Which among the following is true? 1. Decrease in cash reserve ratio injects higher liquidity in the system 2. Higher liquidity in the system may soften interest rates 3. Higher market borrowing by the government leads to rise in interest rates Choose your answer from: |
A. | 1 and 2 |
B. | 1 and 3 |
C. | 2 and 3 |
D. | 1, 2 and 3 |
Answer» D. 1, 2 and 3 |
347. |
One of the problems in calculating the national income in India correctly is : [Railways 1994] |
A. | under-er-employment |
B. | inflation |
C. | non-monetised consumption |
D. | low savings |
Answer» C. non-monetised consumption |
348. |
India's progress has been reasonably satisfactory in connection with: |
A. | growth of per capita income |
B. | reduction in inequalities |
C. | reduction of unemployment |
D. | growth of GNP |
Answer» D. growth of GNP |
349. |
Among Indian Economists who had done pioneering work on National Income ? |
A. | P. N. Dhar |
B. | Jagdish Bhagwati |
C. | V. K. R.V. Rao |
D. | Prof. Shenoi |
Answer» C. V. K. R.V. Rao |
350. |
Who was the chairman of National Income Committee? |
A. | P. C. Mahalanobis |
B. | V.K.R.V. Rao |
C. | D.R. Gadgil |
D. | A.M. Khusro |
Answer» A. P. C. Mahalanobis |
351. |
The recommendations of the Finance Commission are: |
A. | binding on the government |
B. | not binding on the government |
C. | generally accepted as a matter of convention |
D. | accepted or rejected by the government according to its convenience |
Answer» D. accepted or rejected by the government according to its convenience |
352. |
After 1991, the Central Government implemented various far-reaching reforms in the area of taxation. This was based on the recommendations of the: [CDS 1999] |
A. | Wanchoo Committee |
B. | Rajah Chelliah Committee |
C. | Raj Committee |
D. | Narsimhan Committee |
Answer» B. Rajah Chelliah Committee |
353. |
To know whether the rich are getting richer and the poor getting poorer, it is necessary to compare; [IAS 1994] |
A. | the availability of foodgrains among two sets of people, one rich and the other poor, over different periods of time |
B. | the distribution of income of an identical set of income recipients in different periods of time |
C. | the wholesale price index over different periods of time for different regions |
D. | the distribution of income of different sets of income recipients at a point of time |
Answer» B. the distribution of income of an identical set of income recipients in different periods of time |
354. |
National income of India is compiled by: |
A. | Finance Commission |
B. | Indian Statistical Institute |
C. | National Development Council |
D. | Central Statistical Organisation |
Answer» D. Central Statistical Organisation |
355. |
Which one of the following is the correct statements? Service tax is a/an [IAS 2006] |
A. | direct tax levied by the Central Government |
B. | indirect tax levied by the Central Government |
C. | direct tax levied by the State Government |
D. | indirect tax levied by the State Government |
Answer» B. indirect tax levied by the Central Government |
356. |
If saving exceeds investment, the national income will : |
A. | fall |
B. | rise |
C. | fluctuate |
D. | remain constant |
Answer» D. remain constant |
357. |
Which of the following are the main causes of slow rate of growth of per capita income in India? [IAS 1993]
|
A. | 1 and 2 |
B. | 2, 3 and 4 |
C. | 1 and 4 |
D. | 1, 2, and 4 |
Answer» A. 1 and 2 |
358. |
Which of the following is not part of state tax? |
A. | Land revenue |
B. | Entertainment tax |
C. | Sales and purchase of newspapers |
D. | Stamp duty other than financial documents |
Answer» C. Sales and purchase of newspapers |
359. |
VAT is alternate of: |
A. | state tax |
B. | central tax |
C. | both (a) and (b) |
D. | neither (a) nor (b) |
Answer» B. central tax |
360. |
Which of the following is not a direct tax? |
A. | Tax on income |
B. | Tax on wealth |
C. | Tax on expenditure |
D. | Tax on entertainment |
Answer» D. Tax on entertainment |
361. |
In economic terms, which of the following factors determine the 'Individual's demand' of a product/commodity? [RBI Grade B Officer 2011]
|
A. | Only A |
B. | Only B |
C. | Only C |
D. | All A, B, & C |
Answer» D. All A, B, & C |
362. |
Share of Direct tax in post economic reform is: |
A. | increasing |
B. | decreasing |
C. | can't say anything |
D. | fluctuating |
Answer» A. increasing |
363. |
Many times we see in financial journals/bulletins a term M3. What is M3? [RBI Grade B Officer 2011] |
A. | Currency in circulation on a particular day |
B. | Total value of foreign exchange on a particular day |
C. | Total value of export credit on a given date |
D. | None of these |
Answer» D. None of these |
364. |
Consider the following statements: In India, stamp duties on financial transactions are:
|
A. | Only 1 |
B. | Only 2 |
C. | Both 1 and 2 |
D. | Neither 1 nor 2 |
Answer» D. Neither 1 nor 2 |
365. |
Tax collection of Central govt. was lowest as compare to G.D.P., in which of the following year? |
A. | 1999-2000 |
B. | 2000-2001 |
C. | 2001-2002 |
D. | 2002-2003 |
Answer» A. 1999-2000 |
366. |
In India GDP is higher than GNP because country's: |
A. | import > export |
B. | capital inflow > capital outflow |
C. | net factor income is negative |
D. | Govt. expenditure is more than it's income |
Answer» A. import > export |
367. |
In India, the service tax was first introduced in the year: [CDS 2001] |
A. | 1998 |
B. | 1996 |
C. | 1994 |
D. | 1992 |
Answer» C. 1994 |
368. |
In gross domestic saving by sector of origin, the four sectors in order of importance are: |
A. | Household Sector, Public Enterprises, Government Sector, Corporate Sector |
B. | Household Sector, Corporate Sector, Government Sector, Public Enterprises |
C. | Government Sector, Household Sector, Public Enterprises, Corporate Sector |
D. | Household Sector, Government Sector, Public Enterprises, Corporate Sector |
Answer» B. Household Sector, Corporate Sector, Government Sector, Public Enterprises |
369. |
The main reason for low growth rate in India, inspite of high rate of savings and capital formation is: [IAS 1995] |
A. | high birth rate |
B. | low level of foreign aid |
C. | low capital/output ratio |
D. | high capital/output ratio |
Answer» C. low capital/output ratio |
370. |
Which among the following sectors received the largest Central plan outlay in the last few Central Government annual budgets? [CDS 2002] |
A. | Energy |
B. | Agriculture and allied activities |
C. | Social Services |
D. | Communication |
Answer» A. Energy |
371. |
After the initiation of economic reforms in 1991-92 the percentage share of: [CDS 1999] |
A. | direct taxes increased and that of indirect taxes decreased in gross tax revenue |
B. | Both direct and indirect taxes increased in gross tax revenue |
C. | both direct and indirect taxes decreased in gross tax revenue |
D. | direct taxes decreased and that of indirect taxes increased in gross tax revenue |
Answer» B. Both direct and indirect taxes increased in gross tax revenue |
372. |
Which of the following statements about indirect taxes in India is/are true?
|
A. | 1, 2 and 4 |
B. | 1 and 2 |
C. | 2 only |
D. | 1, 2 and 3 |
Answer» D. 1, 2 and 3 |
373. |
Which of the following is not an indirect tax? |
A. | Land revenue |
B. | Customs duties |
C. | Entertainment tax |
D. | Sales tax |
Answer» A. Land revenue |
374. |
Which of the following is not a direct tax? |
A. | Estate tax |
B. | Sales tax |
C. | Corporation tax |
D. | Wealth tax |
Answer» B. Sales tax |
375. |
All taxes come under: |
A. | revenue receipts |
B. | capital receipts |
C. | public debt |
D. | both (a) and (b) |
Answer» A. revenue receipts |
376. |
Estimation of national income in India is difficult due to :
|
A. | I, II, III and IV |
B. | II and III |
C. | I and IV |
D. | I, II and IV |
Answer» D. I, II and IV |
377. |
The annual financial statement shows the receipts and payments of the government under the 3 parts in which government accounts are kept in : 1. Consolidated Fund 2. Contingency Fund 3. Public Account Which of the following items are covered under the Public Account? |
A. | All revenue received by the government |
B. | Loans raised by the government |
C. | Funds placed at the disposal of the President |
D. | Transactions relating to provident fund, small savings, etc. |
Answer» D. Transactions relating to provident fund, small savings, etc. |
378. |
'Liquidity trap' is a situation in which: |
A. | people want to hold only cash because prices are falling everyday |
B. | people want to hold only. cash because there is too much of liquidity in the economy |
C. | the rate of interest is so low that no one wants to hold interest bearing assets and people wants to hold cash |
D. | there is an excess of foregin exchange reserves in the economy leading to excess of money supply |
Answer» C. the rate of interest is so low that no one wants to hold interest bearing assets and people wants to hold cash |
379. |
Consider the following:
|
A. | 1 only |
B. | 1 and 2 |
C. | 1 and 3 |
D. | 1, 2 and 3 |
Answer» D. 1, 2 and 3 |
380. |
The RBI uses the following instruments for quantitative central of credit: (i) Cash Reserve Ratio (ii) Bank Rate (iii) Open Market Operations (iv) Margin Requirements Choose your answer from: |
A. | (i) and (ii) |
B. | (ii) and (iv) |
C. | (i), (ii) and (iii) |
D. | (i), (ii), (iii) and (iv) |
Answer» C. (i), (ii) and (iii) |
381. |
MODVAT is different from VAT in the sense that:
|
A. | 1, 2 and 4 |
B. | 1, 3 and 4 |
C. | 2, 3 and 4 |
D. | 1, 2, 3 and 4 |
Answer» C. 2, 3 and 4 |
382. |
Consider the following taxes:
|
A. | 1 only |
B. | 2 and 4 |
C. | 1 and 3 |
D. | 1, 2 and 4 |
Answer» B. 2 and 4 |
383. |
The tax whose share in overall taxation revenue has gone up rapidly during the planning period is : |
A. | income tax |
B. | wealth tax |
C. | capital gains tax |
D. | tax on production |
Answer» D. tax on production |
384. |
The most appropriate measure of a country's economic growth is the: |
A. | gross domestic product |
B. | net domestic product |
C. | net national product |
D. | per capita real income |
Answer» D. per capita real income |
385. |
When the ratio of indirect taxes to total taxation revenue is very high, it leads to :
|
A. | 1 and 2 |
B. | 1 and 3 |
C. | 1, 2 and 4 |
D. | 1, 3 and 4 |
Answer» B. 1 and 3 |
386. |
CENVAT is associated with: |
A. | rate of indirect tax |
B. | rate of income tax |
C. | rate of direct tax |
D. | none of the above |
Answer» A. rate of indirect tax |
387. |
Taxation and the government's expenditure policy are dealt under the : |
A. | trade policy |
B. | budget |
C. | fiscal policy |
D. | monetary policy |
Answer» C. fiscal policy |
388. |
Deficit financing leads to inflation in general, but it can be checked if: |
A. | government expenditure leads to increase in aggregate supply in ratio of aggregate demand |
B. | aggregate demand is increased only |
C. | all the expenditure is denoted national debt payment only |
D. | all the above |
Answer» A. government expenditure leads to increase in aggregate supply in ratio of aggregate demand |
389. |
The budget broadly comprises:
|
A. | III and IV |
B. | II and III |
C. | only II |
D. | only IV |
Answer» D. only IV |
390. |
Value-added tax is : |
A. | an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale |
B. | an ad valorem tax on final consumption collected at the manufacturing level |
C. | tax on final consumption collected at the consumption stage |
D. | a special tax levised by states on products from other states |
Answer» A. an ad valorem tax on domestic final consumption collected at all stages between production and the point of final sale |
391. |
What is the main source of revenue to meet different expenditures? |
A. | Excise duties |
B. | Customs duties |
C. | Internal borrowings |
D. | Income tax |
Answer» C. Internal borrowings |
392. |
Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct? [IAS 1999] |
A. | The Union levies, collects and distributes the proceeds of income tax between itself and the states |
B. | The Union levies, collects and keeps all the proceeds of income tax to itself |
C. | The Union levies and collects the tax but all the proceeds are distributed among the states |
D. | Only the surcharge levied on income tax is shared between the Union and the States |
Answer» A. The Union levies, collects and distributes the proceeds of income tax between itself and the states |
393. |
What are “Open Market Operations" ? [SSC Graduate 2003] |
A. | Activities of SEBI-registered brokers |
B. | Selling of currency by the RBI |
C. | Selling of gilt-edged securities by the Government |
D. | Sale of shares by FIIs |
Answer» C. Selling of gilt-edged securities by the Government |
394. |
Which of the following is poorest state in India? |
A. | Odisha |
B. | Bihar |
C. | U.P. |
D. | M.P. |
Answer» A. Odisha |
395. |
The 'gilt-edged' market deals in : [UP PCS 2002] |
A. | worn and torn currency notes |
B. | bullion |
C. | Govt. securities |
D. | Corporate bonds |
Answer» B. bullion |
396. |
How does the consumer benefit with VAT? [CPO SI 2003] |
A. | It removes tax on tax and thus reduces price-rise |
B. | It reduces the cost of production |
C. | With the abolition of the sales tax |
D. | Due to the exemption of small Businesses from the tax within certain limits prescribed by the State |
Answer» A. It removes tax on tax and thus reduces price-rise |
397. |
Investment in public works is known as : |
A. | revenue expenditure |
B. | capital expenditure |
C. | current expenditure |
D. | either (a) or (b) |
Answer» B. capital expenditure |
398. |
The rising prices in India can be checked through: 1. Budgetary policy 2. Monetary policy 3. Increasing production 4. Increasing income levels Choose your answer from: |
A. | 1 and 2 |
B. | 1, 2 and 3 |
C. | 1, 2, 3 and 4 |
D. | 2 and 3 |
Answer» B. 1, 2 and 3 |
399. |
A budgetary deficit means: |
A. | total expenditure is more than total revenue |
B. | current expenditure is more than current revenue |
C. | capital expenditure is more than capital revenue |
D. | total expenditure is more than current revenue |
Answer» A. total expenditure is more than total revenue |
400. |
Fiscal deficit in the budget means: [CDS 1999] |
A. | Revenue deficit plus the net borrowings of the government |
B. | Budgetary deficit plus the net borrowings of the government |
C. | Capital deficit plus revenue deficit |
D. | Primary deficit minus capital deficit |
Answer» B. Budgetary deficit plus the net borrowings of the government |
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