public finance fiscal & monetary policy section 2 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
- Market borrowing
- Treasury bills
- Special securities issued to RBI
(a) 1 only
(b) 2 only
(c) 1 and 2
(d) 1, 2 and 3
The correct answers to the above question in:
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.
Practice Fiscal Policy, Public Finance and Monetary Policy (public finance fiscal & monetary policy section 2) Online Quiz
Discuss Form
Read more public finance fiscal and monetary policy Based Indian Economy Questions and Answers
Question : 1
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 : 2
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.
Question : 3
Which of the following has been introduced as a very important component of Direct Tax code with the objective of preventing such deals and transactions?
- General Avoidance Rules
- General Anti Affect Rules
- General Anti Avoidance Rules
- General Arm Affect Rules
a) 1 only
b) 3 only
c) 2 only
d) 1, 2 and 4
Answer »Answer: (b)
General Anti Avoidance Rules (GAAR) has been introduced as a very important component of the Direct Tax code with the objective of preventing such deals and transactions that are carried out to evade and avoid paying taxes.
In other words, GAAR seeks to prevent such transactions that are carried out by way of aggressive tax planning so as to avoid paying taxes
Question : 4
Which of the following statements is/are correct as per Article 114(3) of the Constitution?
- 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
Answer »Answer: (c)
Lok Sabha approval is mandatory in order to take out money from the Consolidated fund
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 »