Economic and Social Development | Budget
Economic and Social Development | Budget
1. Economic Survey in India is published officially, every year by the
Reserve Bank of India
Planning Commission of India
Ministry of Finance, Government of India
Ministry of Industries, Government of India
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Wrong Answer
2. If interest payment is added to primary deficit, it is equivalent to
Budget deficit
Fiscal deficit
Deficit financing
Revenue deficit
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3. ........... is the difference between total receipts and total expenditure.
Capital deficit
Budget deficit
Fiscal deficit
Revenue deficit
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4. In the Budget of Government of India, Fiscal deficit less interest payment means
Deficit financing
Budget deficit
Fiscal deficit
Primary deficit
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5. The largest item of expenditure in the current account of Central Government budget is
Defence expenditure
Subsidies
Interest payment
Expenditure on social services
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6. The largest item of public expenditure in the Union Budget in recent years has been
Defence expenditure
Interest payments
Major subsidies
Capital expenditure
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7. Which one of the following forms the largest share of deficit in Govt. of India budget?
Primary deficit
Fiscal deficit
Revenue deficit
Budgetary deficit
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8. Which of the following deficit gives major contribution to total deficit of Government of India?
Revenue deficit
Budgetary deficit
Fiscal deficit
Primary deficit
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9. In the Union Budget in India, which one of the following is the largest in amount?
Plan Expenditure
Non-Plan Expenditure
Revenue Expenditure
Capital Expenditure
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10. What is the effect of deficit financing on economy?
Reduction in taxes
Increase in wages
Increase in money supply
Decrease in money supply
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11. A country is said to be a debt trap if
it has to borrow to make interest payments on outstanding loans
it has to borrow to make interest payments on to standing loans
it has been refused loans or aid by creditors abroad
the World Bank charges a very high rate of interest on outstanding as well as new loans
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12. A larger part of the fiscal deficit in the Union Budgets is filled by
Tax revenue
Domestic borrowings
Foreign borrowing
Printing paper currency
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13. As compared to revenue deficit, fiscal deficit will always remain
higher
lower
some
All of the above
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14. What was the estimated social sector expenditure in budget 2018-19?
1.36 lakh crore
1.37 lakh crore
1.38 lakh crore
1.39 lakh crore
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15. Which one of the following is not included in the revenue account of Union Budget?
Interest Receipts
Tax Receipts
Profits and Dividends of Government Department and Public Undertakings
Small saving
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16. Which one of the following did not take place in the Union Budget for 2017-18?
Elimination of the classification of expenditure into 'Plan' and 'Non- Plan'
Increase in the number of centrally sponsored schemes
Bringing Railway finances into the mainstream budgeting
Advancing the date of Union. Budget almost by a month
