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
Column A | Column B |
I. Planned expenditure | a. 2,21,733 Crores |
II. Non-Planned expenditure | b. 4,65,277 Crores |
III. Tax revenue | c. 13,12,200 Crores |
IV. Non-tax revenue | d. 9,19,842 Crores |
(a) I-c, II-a, III-b, IV-d
(b) I-a, II-c, III-d, IV-b
(c) I-b, II-c, III-d, IV-a
(d) I-d, II-c, III-d, IV-a
The correct answers to the above question in:
Answer: (c)
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
The banks are required to maintain a certain ratio between their cash in hand and total assets. This is called:
a) SBR (Statutory Bank Ratio)
b) CLR (Central Liquid Reserve)
c) SLR (Statutory Liquid Ratio)
d) CBR (Central Liquid Reserve)
Answer »Answer: (c)
SLR or the Statutory Liquidity Ratio is that ratio of total deposits which a commercial bank has to maintain with itself at any given point of time in the form of liquid assets like cash in hand, current balances with other banks and first-class securities which can be turned into cash (gold, cash or other approved securities).
This ratio at present is 25%. Some assets have to be in liquid form to take care of financial emergencies which every bank has to face. It regulates the credit growth in India.
Question : 2
Which of the following refers to the use by the government of the various instruments such as taxation, expenditure and borrowing in order to achieve the objectives of balanced economic development etc?
- Annual financial statement
- Fiscal policy
- Revenue budget
a) 1 only
b) 3 only
c) 2 only
d) 1, 2 and 3
Answer »Answer: (c)
It is used to achieve the objectives of balanced economic development, full employment or to establish a welfare state Economics takes care of various needs and wants of life
Question : 3
Which of the following are among the non-plan expenditures of the Government of India?
- Defence expenditure
- Subsidies
- All expenditures linked with the previous plan periods
- Interest payment
a) 1 and 2
b) 2 and 4
c) 1 and 3
d) 1, 2, 3 and 4
Answer »Answer: (d)
Non-plan expenditures include non-developmental expenditure (interest payment, subsidies, defence expenditure, civil administration), developmental expenditure and expenditure incurred on projects which remained unfinished in the earlier plans.
Question : 4
Which are the pre-requisites required by the Indian economy to implement convertibility of rupee on trade account as suggested by the Rangarajan Committee?
- There should be comfortable foreign exchange resources
- Low rate of inflation.
- Mechanism by which the government can pass on the changes in the price of imported goods to the consumers
- SLR and CRR must be low.
a) 1 and 2
b) 1 and 4
c) 1, 2 and 3
d) All of the above
Answer »Answer: (c)
Question : 5
Which of the following taxes is not collected by the Central Government ?
a) Excise duty
b) Customs duty
c) Income tax
d) Professional tax
Answer »Answer: (d)
A professional tax, also known as an occupation tax or a professional privilege tax, is a tax that a professional must pay to receive the right to practice a professional service.
Many state and local governments collect professional tax, and a professional who has clients in more than one state may owe professional taxes in several states.
Question : 6
The sales tax you pay while purchasing a toothpaste is a
a) tax imposed by the Central Government
b) tax imposed and collected by the State Government
c) tax imposed by the Central Government but collected by the State Government
d) tax imposed by the State Government but collected by the Central Government
Answer »Answer: (b)
Taxes on tooth paste come under GST which is administered by State government.Sales tax is paid to sales tax authority in the state from where the goods are moved.
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
100+ Quadratic Equation Questions Answers PDF for Bank
Quadratic Equation multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
IBPS Aptitude Linear Equations MCQ Questions Answers PDF
Linear equations multiple choice questions with detailed answers for IBPS RRB SO. more than 250 Attitude practice test exercises for all competitive exams
Continue Reading »
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 »