Tag: public finance, budget and fiscal policy

Questions Related to public finance, budget and fiscal policy

Who had given the concept of zero based budgeting?

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

  1. Peter Drucker

  2. Peter Pyhrr

  3. Jagdish Bhagwati

  4. None of these

Show answer
Correct Option: B

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?

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

  1. Telangana

  2. Andhra Pradesh

  3. Punjab

  4. Haryana

Show answer
Correct Option: A

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

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

  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

Show answer
Correct Option: D

Deficit financing involves ________.

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

  1. borrowings from India

  2. printing of more currency

  3. none of the above

  4. both (a) & (b) above

Show answer
Correct Option: D

Fiscal responsibility and budget management Act aims at reducing gross fiscal deficit by _______ $\%$ of GDP in each financial year.

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

  1. $0.5\%$

  2. $1\%$

  3. $1.5\%$

  4. $2\%$

Show answer
Correct Option: A

Who among the following never hold the office of chairman of finance commission?

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

  1. Pranab Mukherjee

  2. Mahaveer Tyagi

  3. K.C. Pant

  4. C. Rangarajan

Show answer
Correct Option: A

Services are  _______ and ___________.

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

  1. visible, tangible

  2. invisible, intangible

  3. visible, intangible

  4. none of the above

Show answer
Correct Option: B

India met huge deficit in current account through _________.

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

  1. withdrawals and borrowings from IMF

  2. utilization of foreign exchange reserves

  3. both above

  4. none of the above

Show answer
Correct Option: C

Current account deficit as a % of GDP _______ from___ % during pre crisis period to ______% during post crisis period

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

  1. declined, 1.9, 1

  2. declined, 2.9, 1.9

  3. increased, 1, 1.9

  4. increased, 2.9, 3.9

Show answer
Correct Option: A

The share of net invisible earnings in financing trade deficit ___ from ____ n sixth plan to ___ in seventh plan.

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

  1. declined, 6396, 29.5%

  2. increased, 29.5%, 63%

  3. declined 67%, 63%

  4. increased 63%, 85%

Show answer
Correct Option: A