Tag: meaning and scope of public finance

Questions Related to meaning and scope of public finance

Services are  _______ and ___________.

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

  1. visible, tangible

  2. invisible, intangible

  3. visible, intangible

  4. none of the above

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Correct Option: B

India met huge deficit in current account through _________.

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

  1. withdrawals and borrowings from IMF

  2. utilization of foreign exchange reserves

  3. both above

  4. none of the above

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Correct Option: C

Current account deficit as a % of GDP _______ from___ % during pre crisis period to ______% during post crisis period

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

  1. declined, 1.9, 1

  2. declined, 2.9, 1.9

  3. increased, 1, 1.9

  4. increased, 2.9, 3.9

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Correct Option: A

The share of net invisible earnings in financing trade deficit ___ from ____ n sixth plan to ___ in seventh plan.

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

  1. declined, 6396, 29.5%

  2. increased, 29.5%, 63%

  3. declined 67%, 63%

  4. increased 63%, 85%

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Correct Option: A

From ________ onwards, India experienced adverse BOP.

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

  1. 1979-80

  2. 1980-81

  3. 1978-79

  4. 1985-86

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Correct Option: A

Balance of payment on current account covers all receipts on account of earnings, borrowings and all payments on account of spending and lending. (true/false)

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

  1. True

  2. False

  3. Cant say

  4. None of above

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Correct Option: B

In 1990-91, BOP position worsened because of ________.

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

  1. Gulf war

  2. deterioration in invisible remittances

  3. both above

  4. none of above

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Correct Option: C

___________ is the difference between total receipts and total expenditure.

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

  1. Fiscal deficit

  2. Budget deficit

  3. Revenue deficit

  4. Capital deficit

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Correct Option: B
Explanation:

Budget deficit refers to the shortfall of revenues in comparison to the government expenditure. It can be measured as the difference between Total Receipts and Total Expenditure.

Which of the following is not reserved for public sector:

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

  1. Railway

  2. Atomic

  3. Defence

  4. None of these

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Correct Option: C

What is Privatisation?

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

  1. It refers to the disposal of public sectors equity in the market

  2. It refers to the transfer of assets from public to private sector ownership

  3. It means integrating the domestic economy with the world economy

  4. None of the above

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Correct Option: B