Tag: public finance and budget

Quizzes (7) Questions (140)

Questions Related to public finance and budget

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

The government manages the public finance through __________.

  1. fiscal policy

  2. budget policy

  3. revenue policy

  4. primary policy
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

By means of fiscal policy, government adjusts its spending levels and tax rates to monitor and influence a nation's economy. Though fiscal policies, government makes its public finance.

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

Which of the following is the wrong pair?

  1. Share Market-Stock Exchange

  2. Income Tax -Monetary Policy

  3. Export Subsidy-Fiscal Policy

  4. General Price Index-Inflation
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Income tax is a form of direct tax. This comes under the fiscal policy of the government. 

Fiscal Policy is the mechanism by means of which a government makes adjustments to its planned spending and the imposed tax rates to monitor and thus in turn influence the performance of a country’s economy. 

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

Which of the following s the benefit of adopting a social security system?

  1. Annual bonus

  2. Non financial incentives

  3. Old age pension

  4. None of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

A social security system is designed to provide financial protection to individuals against risks like old age, disability, or unemployment. Old age pension is a classic example of such a benefit.

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

The term public means ________.

  1. household, firm and local authorities

  2. non-Banking Financial Institution, Non-Departmental PSU

  3. reserve of foreign banks, Government and International Monetary fund

  4. all the three
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

In the context of public finance and macroeconomics, the term 'public' is broad and encompasses the government, various public sector entities, and institutions that operate within the public sphere.

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

Which of these activity is not included in service sector?

  1. Tourism services.

  2. Education services.

  3. Mining services.

  4. Health and social welfare services.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Mining is classified under the industrial sector (specifically the primary sector), whereas tourism, education, and health are categorized as service sector activities.

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

On June $4, 2017$, which State Government launched single-woman pension scheme across the state, thereby becoming the first state in India to launch such scheme?

  1. Telangana

  2. Andhra Pradesh

  3. Punjab

  4. Haryana
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Telangana launched the 'Aasara' pension scheme, which included a specific category for single women, making it the first state in India to implement such a targeted social security measure in 2017.

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

With reference to the Finance Commission of India, which of the following statements is correct?

  1. It encourages the inflow of foreign capital for infrastructure development

  2. It facilitates the proper distribution of finance among the public sector undertakings

  3. It ensures transparency in financial administration

  4. None of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The Finance Commission's primary constitutional mandate is to recommend the distribution of net tax proceeds between the Union and the States, and among the States themselves. None of the specific options provided (A, B, C) accurately describe its primary constitutional function.