Tag: public finance and budget

Questions Related to public finance and budget

Over the period of planning Indias BOP has remained _________.

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

  1. favourable

  2. unfavourable

  3. in equilibrium

  4. none of above

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Correct Option: B

During the ________ plan, India experienced surplus in BOP.

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

  1. fifth

  2. sixth

  3. seventh

  4. fourth

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Correct Option: A

The large and sustained current account deficit in BOP had to be financed by ______.

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

  1. loans from various sources

  2. commercial borrowings

  3. inflow of funds from NRIs

  4. all of above

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Correct Option: D

Measures introduced to correct BOP position in 1992-93 were ______.

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

  1. exchange rate management

  2. liberalization of import licensing

  3. tariff reductions

  4. all of above

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Correct Option: D

At present only . industries are reserved for the Public Sector.

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

  1. 5

  2. 7

  3. 8

  4. 3

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Correct Option: D

The term mixed economy denotes.

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

  1. Co-existence of consumer and producer's goods Industries in the economy

  2. Co existence of private & public sectors in the economy

  3. Co existence of urban & rural sectors in the economy

  4. Co existence of large & small industries sectors in the economy

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Correct Option: B

Which of the following industries are not reserved for Public Sector presently?

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

  1. Atomic Energy

  2. Rail Transport

  3. Substances specified in the schedule to the Notification of the Government of India in the Department of Atomic Energy

  4. Defence

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Correct Option: D

The concept of which deficit was given up in 1997?

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

  1. Budgetary Deficit

  2. Fiscal Deficit

  3. Revenue Deficit

  4. Primary Deficit

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Correct Option: A

Total Expenditure - Total Receipts =

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

  1. Budgetary Deficit

  2. Fiscal Deficit

  3. Revenue Deficit

  4. Primary Deficit

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Correct Option: A
Explanation:

Budgetary deficit is the excess of total government expenditure (both revenue and capital) over total government receipts (both revenue and capital). It is the deficit in the budgetary estimates of the government.

There is no repayment obligation in ___________.

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

  1. grants

  2. loans

  3. both grant and loans

  4. none of the above

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Correct Option: A