Tag: public finance and budget

Questions Related to public finance and budget

The government manages the public finance through __________.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. fiscal policy

  2. budget policy

  3. revenue policy

  4. primary policy

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Correct Option: A
Explanation:

By means of fiscal policy, government adjusts its spending levels and tax rates to monitor and influence a nation's economy. Though fiscal policies, government makes its public finance.

Which of the following is the wrong pair?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Share Market-Stock Exchange

  2. Income Tax -Monetary Policy

  3. Export Subsidy-Fiscal Policy

  4. General Price Index-Inflation

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Correct Option: B
Explanation:

Income tax is a form of direct tax. This comes under the fiscal policy of the government. 

Fiscal Policy is the mechanism by means of which a government makes adjustments to its planned spending and the imposed tax rates to monitor and thus in turn influence the performance of a country’s economy. 

Who is Chairman of $13th$ Finance Commission?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Dr. C. Rangarajan

  2. Mr. Vimal Jalan

  3. Dr. Vijay C. Kelkar

  4. None of the above

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Correct Option: C

Which of the following s the benefit of adopting a social security system?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Annual bonus

  2. Non financial incentives

  3. Old age pension

  4. None of the above

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Correct Option: C

In March 1999, the number of Industries reserved for public sector is reduced to _________.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. 4

  2. 5

  3. 6

  4. 7

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Correct Option: C

The term public means ________.

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. household, firm and local authorities

  2. non-Banking Financial Institution, Non-Departmental PSU

  3. reserve of foreign banks, Government and International Monetary fund

  4. all the three

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Correct Option: D

Which of these activity is not included in service sector?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Tourism services.

  2. Education services.

  3. Mining services.

  4. Health and social welfare services.

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Correct Option: C

Who had given the concept of zero based budgeting?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Peter Drucker

  2. Peter Pyhrr

  3. Jagdish Bhagwati

  4. None of these

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Correct Option: B

On June $4, 2017$, which State Government launched single-woman pension scheme across the state, thereby becoming the first state in India to launch such scheme?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. Telangana

  2. Andhra Pradesh

  3. Punjab

  4. Haryana

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Correct Option: A

With reference to the Finance Commission of India, which of the following statements is correct?

economics meaning and scope of public finance public finance, budget and fiscal policy government budget and economy public finance and budget

  1. It encourages the inflow of foreign capital for infrastructure development

  2. It facilitates the proper distribution of finance among the public sector undertakings

  3. It ensures transparency in financial administration

  4. None of the above

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Correct Option: D