Tag: macro economic analysis

Questions Related to macro economic analysis

The person who presents the central budget in the Lok Sabha is __________.

economics macro economic analysis public debt public debt main feature of tax

  1. finance minister

  2. prime minister

  3. chief minister

  4. speaker

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Correct Option: A
Explanation:

The person who presents the central budget in the Lok Sabha is Finance Minister.

The central budget has to be approved by both the Houses of Parliament before ______.

economics macro economic analysis public debt public debt main feature of tax

  1. March ${31}^{st}$

  2. April ${1}^{st}$

  3. March ${3}^{th}$

  4. March ${1}^{st}$

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Correct Option: A
Explanation:

The central budget has to be approved by both the Houses of Parliament before March 31st.

Indigo and Kingfisher are examples of _____________.

economics macro economic analysis public debt public debt main feature of tax

  1. private schools

  2. private airlines

  3. private ships

  4. private railways

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Correct Option: B

What is correct about a concessional loan in India in the cases of external borrowing ?

economics macro economic analysis public debt public debt main feature of tax

  1. An external loan which carries a grant element of 25 per cent or more.

  2. When the interest component on an external loan is not more then 50 per cent of the prevailing interest on the external commercial loans.

  3. When the loan is long-term and has at least 75 per cent grant component in it.

  4. None of the above.

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Correct Option: A
Explanation:

All the external loans which constitue at least 25 per cent (or more) grant (relaxation/subsidy) on its interest rates are considered 'concessional loans' by the government.

In the budget, when the government's revenue is more than its expenditure it is called __________.

economics macro economic analysis public debt public debt main feature of tax

  1. deficit budget

  2. surplus budget

  3. balanced budget

  4. imbalanced budget

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Correct Option: B
Explanation:

A budget surplus is a period when income or receipts exceed outlays or expenditures. A budget surplus often refers to the financial states of governments; individuals prefer to use the term 'savings' instead of the term 'budget surplus.' A surplus is an indication that the government is being effectively managed.