public finance fiscal & monetary policy section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6 [SSC GL 2013]

Forced Savings refer to

a) Provident fund contribution of private sector employees

b) Taxes on individual income and wealth

c) Reduction of consumption consequent to a rise in prices

d) Compulsory deposits imposed on income tax payers

Question : 7

Consider the following statements:

1. Sales tax comes under exclusive jurisdiction of state government.
2. Custom duties come under state govt jurisdiction.

a) 1 and 2 both

b) 2 only

c) 1 only

d) None

Question : 8 [SSC SO 2006]

‘Golden Handshake Scheme’ is associated with

a) voluntary retirement

b) private investment in public enterprises

c) inviting foreign companies

d) establishing joint enterprises

Question : 9

Which of the following is a type of the Public expenditure in India?

1. Plan
2. Non-plan

a) 1 only

b) 1 and 2

c) 2 only

d) Neither 1 nor 2

Question : 10

States’ debt does not include:

a) loos from State Bank of India

b) treasury bills issued to inter-national financial institutions

c) loans from the Central government

d) provident fund