Government Budgeting UPSC Questions

Economics

Government Budgeting MCQ Questions


1.
An economy in which there is both the private sector and the Government is known as a _____.
A.
Mixed economy
B.
Traditional economy
C.
Command economy
D.
Market economy
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ANSWER :
A. Mixed economy
2.
Which of the following is/are among the noticeable features of the recommendations of the Thirteenth Finance Commission?
1. A design for the Goods and Services Tax, and a compensation packages linked to adherence to the proposed design
2. A design for the creation of lakhs of jobs in the next ten years in consonance with India's demographic dividend
3. Devolution of a specified share of central taxes to local bodies as grants
Select the correct answer using the codes given below:
UPSC - 2012
A.
1 only
B.
2 and 3 only
C.
1 and 3 only
D.
1, 2 and 3
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ANSWER :
C. 1 and 3 only
3.
In India, deficit financing is used for raising resources for
UPSC - 2013
A.
economic development
B.
redemption of public debt
C.
adjusting the balance of payments
D.
reducing the foreign debt
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ANSWER :
A. economic development
4.
This ‘Annual Financial Statement’ constitutes the main _____ document of the government.
A.
Expenditure
B.
Report
C.
Economy
D.
Budget
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ANSWER :
D. Budget
5.
With reference to Union Budget, which of the following is/are covered under Non-Plan Expenditure?
1. Defence expenditure
2. Interest payments
3. Salaries and pensions
4. Subsidies
Select the correct answer using the code given below.
UPSC - 2014
A.
1 only
B.
2 and 3 only
C.
1, 2, 3 and 4
D.
None
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ANSWER :
C. 1, 2, 3 and 4
6.
Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc..
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories.
Select the correct answer using the code given below:
UPSC - 2016
A.
1 only
B.
2 and 3 only
C.
1 and 3 only
D.
1,2 and 3
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ANSWER :
D. 1,2 and 3