Government Budgeting UPSC Questions

Economics

Government Budgeting MCQ Questions


13.
Which among the following are the private goods?
A.
Cars
B.
Clothes
C.
Food items
D.
All the above
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ANSWER :
D. All the above
14.
The consumption of goods are said to be rivalrous in
A.
Capital budget
B.
Private goods
C.
Static budget
D.
Market economy
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ANSWER :
B. Private goods
15.
Consider the following statements:
1. The Reserve Bank of India manages and services Government of India Securities but not any State Government Securities.
2. Treasury bills are issued by the Government of India and there are no treasury bills issued by the State Governments.
3. Treasury bills offer are issued at a discount from the par value.
Which of the statements given above is/are correct?
UPSC - 2018
A.
1 and 2 only
B.
3 only
C.
2 and 3 only
D.
1,2 and 3
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ANSWER :
C. 2 and 3 only
16.
If a commodity is provided free to the public by the government, then
UPSC - 2018
A.
The opportunity cost is zero.
B.
The opportunity cost is ignored.
C.
The opportunity cost is transferred from the consumers of the product to the taxpaying public.
D.
The opportunity cost is transferred from the consumers of the product to the government.
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ANSWER :
C. The opportunity cost is transferred from the consumers of the product to the taxpaying public.
17.
Consider the following statements:
1. Tax revenue as a percent of GDP of India has steadily increased in the last decade.
2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade.
Which of the statements given above is/are correct?
UPSC - 2017
A.
1 only
B.
2 only
C.
Both 1 and 2
D.
Neither 1 nor 2
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ANSWER :
D. Neither 1 nor 2
18.
What was the purpose of Inter-Creditor Agreement signed by Indian banks and financial institutions recently?
UPSC - 2019
A.
To lessen the Government of India's perennial burden of fiscal deficit and current account deficit
B.
To support the infrastructure projects of Central and State Governments
C.
To act as independent regulator in case of applications for loans of ₹ 50 crore or more
D.
To aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending.
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ANSWER :
D. To aim at faster resolution of stressed assets of ₹ 50 crore or more which are under consortium lending.