public finance fiscal & monetary policy section 1 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 7 EXERCISES
-
Top 500+ Fiscal & Monetary Policy GK MCQ Quiz PDF For SSC »
-
New 499+ Public Finance & Policy MCQ GK Quiz & Notes PDF »
-
Top 500 Monetary & Fiscal Policy GK MCQ Quiz PDF For IBPS »
-
New 500+ Indian Budgetary Policy Overview GK MCQ Quiz PDF »
-
500 Monetary & Fiscal Policy Question And Answers Key PDF »
-
Public Finance & Fiscal Policy Questions And Answers Quiz »
-
1000+ Indian Govt Schemes & Policy MCQ Quiz PDF For IBPS »
The following question based on Fiscal Policy, Public Finance and Monetary Policy topic of indian economy mcq
(a) Working capital
(b) Physical capital
(c) Human capital
(d) Social overheads capital
The correct answers to the above question in:
Answer: (d)
Social overheads capital is the capital spent on social infrastructures, such as schools, universities, hospitals, libraries.
They are capital goods of types that are available to anybody, hence social; and are not tightly linked to any particular part of the production, hence overhead.
Because of their broad availability they often have to be provided by the government. Examples of social overhead capital include roads, schools, hospitals, and public parks.
Practice Fiscal Policy, Public Finance and Monetary Policy (public finance fiscal & monetary policy section 1) Online Quiz
Discuss Form
Read more public finance fiscal and monetary policy Based Indian Economy Questions and Answers
Question : 1
Match columns A and B wherein Column B defines Column A
Column A | Column B |
I. Public Account | a. Consists of all revenues and loans received by the government |
II. Consolidated fund | b. Comprises of the sum placed at the disposal of the President to meet unforeseen expenditure |
III. Contingency fund | c. Consists of receipts and payments, which are in form of deposit account with the government, such as provident funds, small savings, etc |
a) I-c, II-a, III-b
b) I-a, II-d, III-b
c) I-a, II-b, III-c
d) I-b, II-a, III-c
Answer »Answer: (a)
The budget shows the receipts and payments of the government under three heads.
All revenues and loans received by the government comes under Consolidated fund, the sum placed at the disposal of the President to meet unforeseen expenditure falls under Contingency fund and receipts & payments which are in form of deposit account with the government comprises Public Account
Question : 2
Fiscal Policy in India is formulated by
a) the Finance Ministry
b) the Planning Commission
c) the Reserve Bank of India
d) the Securities and Exchange Board of India
Answer »Answer: (a)
The Department of Economic Affairs (DEA) under Ministry of Finance is the nodal agency of the Union Government to formulate and monitor country’s economic policies and programmes having a bearing on domestic and international aspects of economic management.
Question : 3
Which among the following is / are indirect taxes levied by Centre and state?
- Excise
- Custom
- Service tax
- Property tax
- Income tax
a) 3 and 4
b) 1, 2 and 3
c) 1 and 2
d) 1, 2, 3 and 4
Answer »Answer: (b)
Excise tax, custom duty and service tax are all indirect taxes while property tax and income tax are direct taxes.
Question : 4
Fiscal Policy in India is formulated by
a) the Reserve Bank of India
b) the Securities and Exchange Board of India
c) the Planning Commission
d) the Finance Ministry
Answer »Answer: (d)
The Department of Economic Affairs (DEA) under Ministry of Finance is the nodal agency of the Union Government to formulate and monitor country’s economic policies and programmes having a bearing on domestic and international aspects of economic management.
GET Fiscal Policy, Public Finance and Monetary Policy PRACTICE TEST EXERCISES
public finance fiscal & monetary policy section 1
public finance fiscal & monetary policy section 2
public finance fiscal & monetary policy section 3
public finance fiscal & monetary policy section 4
public finance fiscal & monetary policy section 5
public finance fiscal & monetary policy section 6
public finance fiscal & monetary policy section 7
Fiscal Policy, Public Finance and Monetary Policy Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
New 100+ Compound Interest MCQ with Answers PDF for IBPS
Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Mixture and Alligation MCQ Questions PDF for IBPS
Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams
Continue Reading »
IBPS Profit and Loss Questions Solved Problems with PDF
Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »
100+ Average Aptitude Questions Answers solutions MCQ PDF
New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams
Continue Reading »