public finance fiscal & monetary policy section 2 MCQ Questions & Answers Detailed Explanation
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The following question based on Fiscal Policy, Public Finance and Monetary Policy topic of indian economy mcq
- No money can be taken out of consolidated fund without the approval of the Rajya Sabha
- No money can be taken out of consolidated fund without the approval of the Lok Sabha
- Money can be taken out of consolidated fund without any approval
(a) 1 only
(b) 3 only
(c) 2 only
(d) 1, 2 and 3
The correct answers to the above question in:
Answer: (c)
Lok Sabha approval is mandatory in order to take out money from the Consolidated fund
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Read more public finance fiscal and monetary policy Based Indian Economy Questions and Answers
Question : 1
Consider the following:
- Market borrowing
- Treasury bills
- Special securities issued to RBI
a) 1 only
b) 2 only
c) 1 and 2
d) 1, 2 and 3
Answer »Answer: (d)
Treasury Bills are money market instruments to finance the short term financial requirements of the Government of India. These are discounted securities and are issued at a discount to face value.
Question : 2
In an economy, the sectors are classified into public and private on the basis of
a) use of raw materials
b) nature of economic activities
c) employment conditions
d) ownership of enterprises
Answer »Answer: (d)
The classical breakdown of all economic sectors is: primary, secondary and tertiary. However, on the basis of ownership, the sectors are: business sector, private sector (privately run businesses), public sector (state sector) and voluntary sector.
Question : 3
Value-added means value of
a) goods and services less cost of intermediate goods and services
b) output at market prices
c) output at factor cost
d) goods and services less depreciation
Answer »Answer: (a)
Value added is an economic term to express the difference between the value of goods and the cost of materials or supplies that are used in producing them.
It is a measure of economic activity which eliminates the duplication inherent in the sales value figure which results from the use of products of some establishments as materials or services by others.
So it is of goods and services less cost of intermediate goods and services.
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
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public finance fiscal & monetary policy section 6
public finance fiscal & monetary policy section 7
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