Tag: government budget and economy

Questions Related to government budget and economy

Small Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding _______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Rs.15 Lakh

  2. Rs.5 crore

  3. Rs.10 crore

  4. Rs.1 crore

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Correct Option: B

Medium Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding ______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Rs. 10 crore

  2. Rs. 5 crore

  3. Rs. 100 crore

  4. Rs. 1 crore

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Correct Option: A

What are official reserve transaction balance?

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. International reserves owned by Government or other Government agencies.

  2. International reserves owned by star trading houses

  3. GDR of blue chip companies

  4. Balance held in Swiss Bank A/c

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Correct Option: A

Rajiv Gandhi Equity Saving scheme was announced in ____.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. 2011

  2. 2012

  3. 2013

  4. 2010

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Correct Option: B
Explanation:

Rajiv Gandhi Equity Saving scheme was announced in 2012 as a part of the Union budget and aimed at retail investors. 

Micro Enterprise in Manufacturing Sector means an enterprise having original investment in Plant and Machinery not exceeding _______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Rs.25 Lakh

  2. Rs. 5 crore

  3. Rs. 10 crore

  4. Rs. 1 crore

Show answer
Correct Option: A

Full convertibility of Rupee on Trade A/c was declared in _______.

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. 1992-93

  2. 1989-90

  3. 1999-2000

  4. 1993-94

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Correct Option: D

The National income is identified as?

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Y=C+I

  2. X-M = Y+I+K

  3. I=s

  4. Y = C + I + G + X M

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Correct Option: D

 Three sources of demand for domestic goods include?

economics government budget and economy trade deficits, savings and investment public finance and budget public finance, taxes and budget

  1. Y=s+I+M

  2. Y=c+I+G

  3. Y=G+I+K

  4. Y=X+M-G

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Correct Option: B

Which among the following is a type of government budget?

business economics and quantitative methods public economics components of budget and budgetary procedure government budget and taxation government budget and economy

  1. Balanced budget

  2. Unbalanced budget

  3. Family budget

  4. Both A & B

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Correct Option: D
Explanation:

There are two types of budget in general. 

1. Balanced Budget: In this type of budget, government expenditure is equal to government revenue. 

2. Unbalanced budget: In this type of budget, government expenditure is not equal to government revenue. 

 (i) Surplus Budget: In this type of budget, government revenue is greater than government expenditure due to which there is a surplus in the budget. 

 (ii) Deficit budget: In this type of budget, government expenditure is greater than government revenue due to which there is a deficit in the budget. 

The budget where the government revenue is equal to the government expenditure is termed as ___________.

business economics and quantitative methods public economics components of budget and budgetary procedure government budget and taxation government budget and economy

  1. balanced budget

  2. unbalanced budget

  3. constant budget

  4. none of the above

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Correct Option: A
Explanation:

Budget is an statement of the estimates of the government receipts and government expenditure during the period of the financial year. Balanced Budget is the type of budget where government expenditure is equal to government revenue.