Government Budget NDA Questions

NDA Economics

Government Budget MCQ Questions


13.
Revenue expenditure includes ________.
A.
Salaries
B.
Loan repayments
C.
Infrastructure investments
D.
Asset purchases
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ANSWER :
A. Salaries
14.
The term "fiscal consolidation" refers to ________.
A.
Increasing fiscal deficit
B.
Reducing fiscal deficit
C.
Increasing taxes
D.
Reducing government expenditure
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ANSWER :
B. Reducing fiscal deficit
15.
Which of the following is a WRONG statement about the budget?
A.
It is prepared annually.
B.
It includes monetary policy.
C.
It is approved by Parliament.
D.
It is presented by the Finance Minister.
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ANSWER :
B. It includes monetary policy.
16.
A surplus budget indicates that ________.
A.
Expenditure exceeds revenue
B.
Revenue equals expenditure
C.
Revenue exceeds expenditure
D.
Exports exceed imports
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ANSWER :
C. Revenue exceeds expenditure
17.
Deficit financing refers to ________.
A.
Raising funds through borrowings
B.
Increasing tax rates
C.
Reducing fiscal deficit
D.
Exporting surplus goods
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ANSWER :
A. Raising funds through borrowings
18.
The "Contingency Fund of India" is defined under which article?
A.
Article 265
B.
Article 266
C.
Article 267
D.
Article 270
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ANSWER :
C. Article 267