Tag: public finance and budget

Quizzes (7) Questions (140)

Questions Related to public finance and budget

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

Expand the term FLCC.

  1. Financial Literacy and Credit Counselling

  2. Financial Literacy Communication Centre

  3. Financial Literacy Call Centre

  4. Fiscal Literacy and Credit Counselling
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

FLCC stands for Financial Literacy and Credit Counselling centres, which help individuals manage debt and financial planning.

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

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

  1. Rs.15 Lakh

  2. Rs.5 crore

  3. Rs.10 crore

  4. Rs.1 crore
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the MSME Development Act, a small enterprise in the manufacturing sector is defined by an investment in plant and machinery between Rs. 25 lakh and Rs. 5 crore.

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

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

  1. Rs. 10 crore

  2. Rs. 5 crore

  3. Rs. 100 crore

  4. Rs. 1 crore
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Under the MSME Development Act, a medium enterprise in the manufacturing sector is defined by an investment in plant and machinery between Rs. 5 crore and Rs. 10 crore.

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

What are official reserve transaction balance?

  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
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Official reserve transaction balance refers to the international reserves held by a government or its central bank to manage exchange rates and balance of payments. Other options like trading houses or blue chip companies do not hold official government reserves.

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

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

  1. Rs.25 Lakh

  2. Rs. 5 crore

  3. Rs. 10 crore

  4. Rs. 1 crore
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

According to the MSME Development Act in India, a micro enterprise in the manufacturing sector is defined by an investment in plant and machinery not exceeding Rs. 25 Lakh. This was the historical threshold before recent revisions.

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

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

  1. 1992-93

  2. 1989-90

  3. 1999-2000

  4. 1993-94
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Full convertibility of the Rupee on the trade account (current account) was introduced in India in the 1993-94 budget, following the economic reforms initiated in 1991.