Fiscal Policy Public Finance And Monetary Policy – Indian Economy GK MCQ (राजकोषीय नीति सार्वजनिक वित्त और मौद्रिक नीति )
Prepare for competitive exams like UPSC IAS and more with our MCQ page focused on Fiscal Policy, Public Finance, and Monetary Policy. Access a comprehensive collection of multiple-choice questions sourced from previous year papers to deepen your understanding of economic policies, government budgets, and monetary measures.
Brief:
Welcome to our MCQ page dedicated to Fiscal Policy, Public Finance, and Monetary Policy. Whether you are aspiring to crack the UPSC IAS exam or any other competitive examination, this page is designed to help you strengthen your knowledge and excel in your exams. We have curated a diverse range of multiple-choice questions sourced from previous year papers across various sectors, ensuring comprehensive coverage of this crucial topic.
Explore the intricacies of fiscal policy, public finance, and monetary policy through our meticulously crafted MCQs. From government budgeting and taxation to expenditure policies and public debt management, our MCQs encompass the key aspects of managing public finances. By practicing these questions, you will gain a deep understanding of the role of fiscal policy in economic stability and growth.
Our MCQs also cover various aspects of monetary policy, including central banking, interest rates, money supply, inflation targeting, and the management of monetary tools to control economic conditions. By engaging with these questions, you will develop a comprehensive understanding of the role of monetary policy in regulating the economy.
Accessing this comprehensive collection of MCQs will not only expand your knowledge but also equip you with the skills to analyze and answer complex questions related to fiscal policy, public finance, and monetary policy. By familiarizing yourself with the previous year’s exam papers, you can anticipate the types of questions that may appear in your upcoming exams and improve your overall exam performance.
Prepare yourself to tackle questions on government revenues, public expenditure, budget deficits, fiscal reforms, monetary measures, and their impact on economic growth. Our MCQs will help you develop a strong understanding of fiscal policy, public finance, and monetary policy, ensuring that you approach your exams with confidence and expertise.
Embark on your journey towards exam success today by accessing our MCQ page on Fiscal Policy, Public Finance, and Monetary Policy!
Fiscal Policy Public Finance And Monetary Policy – Indian Economy GK MCQ – Previous Year Questions
Question:
Fiscal Policy in India is formulated by
A
B
C
D
Question:
Basic infrastructure facilities in Economics are known as :
A
B
C
D
Question:
Match columns A and B wherein Column B defines Column A
Column A Column B
I. Public Account a. Consists of all revenues and loans received by the government
II. Consolidated fund b. Comprises of the sum placed at the disposal of the President to meet unforeseen expenditure
III. Contingency fund c. Consists of receipts and payments, which are in form of deposit account with the government, such as provident funds, small savings, etcCodes: I II III
A
B
C
D
Question:
Fiscal Policy in India is formulated by
A
B
C
D
Question:
Which among the following is / are indirect taxes levied by Centre and state?
Excise
Custom
Service tax
Property tax
Income tax
Choose the correct option from the codes given below:
A
B
C
D
Question:
Which of the following is/are types of Budget?
Capital budget
Revenue budget
A
B
C
D
Question:
Match columns A and B wherein column B shows the tax to GDP ratio for a respective year in Column A
Column A Column B
I. 1950-51 a. 10.60 %
II. 2007-08 b. 6 %
III. Present c. 11.89 %Codes: I II III
A
B
C
D
Question:
An economy is in equili-brium when
A
B
C
D
Question:
In which year was Service tax introduced?
1983-84
1994-95
1967-68
2003-2004
A
B
C
D
Question:
Match the following:
List List II
(Planets) (Satellites)
1. Fiscal deficit A. Excess of total expenditure over total receipts less borrowing
2. Budget deficit B. Excess of total expenditure over total receipts
3. Revenue deficit C. Excess of revenue expenditure over revenue receipts
4. Primary deficit D. Excess of total expenditure over total receipts less borrowings and interest paymentsSelect the answer using the following codes: 1 2 3 4
A
B
C
D
Question:
Consider the following statements Full convertibility of the rupee may mean
Its free float with the international currencies.
Its direct exchange with any other international currency at any prescribed place inside and outside the country. 3. It acts just like any other international currency.
Which of these statements are correct?
A
B
C
D
Question:
Which one of the following is the correct statement? Service tax is a/an:
A
B
C
D
Question:
Which among the following taxes is not levied in India:
A
B
C
D
Question:
Interest on public debt is part of
A
B
C
D
Question:
Which of the following statements is/are correct in regards to Revenue budget?
It consists of all capital receipts and expenditure such as domestic and foreign loans, loan repayment, foreign and etc
It consists of all current receipts, such as taxation, dividends of public sector units (PSU’s) and expenditure of the government
A
B
C
D
Question:
Fiscal responsibility and Budget Management Act was enacted in India in the year
A
B
C
D
Question:
If a government budgets for a surplus and there is an unexpected increase in the level of economic activity, which of the following is likely to occur?
A
B
C
D
Question:
Deficit financing is an instrument of
A
B
C
D
Question:
Which of the following are included in the category of direct tax in India?
Corporation tax
Tax on income
Wealth tax
Customs duty
Excise duty
Select the correct answer using the codes given below
A
B
C
D
Question:
A mixed economy refers to an economic system where
