Tag: meaning and scope of public finance

Questions Related to meaning and scope of public finance

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

Total Expenditure - [Revenues Receipts + Recovering + Sale of Public Assets]=

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: B
Explanation:

Fiscal deficit is defined as excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year. In simple words, it is amount of borrowing the government has to resort to meet its expenses. A large deficit means a large amount of borrowing. 

SKS Micro-finance Ltd, the only listed micro lender in the country founded by _____________.

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

  1. Sudipa Sen

  2. M. B. N. Rao

  3. Kunal Ghosh

  4. Vikram Akula

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Correct Option: D
Explanation:

SKS Microfinance, the country’s only scheduled microlender, plans to change itself into a small bank as it seeks to decrease the cost of funds and progress productivity. 

Top management at the company told ET that the company will concern for a small bank licence, a move that may put it in direct competition with its separated founder Vikram Akula, who also plans to set up a small bank. 

“SKS is prepared to be relevant for a small bank licence as it meets all necessary criteria like net worth, PSL (priority sector lending) and branch network,” said the decision-making on condition of ambiguity. “We can provide to the need for financial inclusion and it will help us bring down our cost of funds.”

Thus, the correct option is D.

In a marine insurance, when must the insurable interest exist?

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

  1. At the time of making contract

  2. At the time of loss of subject matter

  3. Both at the time of making contract and at the time of loss of subject matter

  4. At the time of termination of the policy

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Correct Option: B