Test: Fiscal Policy - UPSC MCQ
15 Questions MCQ Test Indian Economy for UPSC CSE - Test: Fiscal Policy
Fiscal Policy in India is formulated by which of the following?
Which of the following items come under ‘Current Account’ of the Balance of Payment?
1. Exports
2. Interest payments
3. Private remittance
4. FDI
5. External lending and borrowing
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1. Exports
2. Interest payments
3. Private remittance
4. FDI
5. External lending and borrowing
Select the correct answer using the code given below:
Which of the following sources form part of the Revenue Receipts of the government?
1. Interests received by the government on loans
2. Interests paid by the government on loans
3. Penalties & fines received by the government
4. Borrowings by the government
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1. Interests received by the government on loans
2. Interests paid by the government on loans
3. Penalties & fines received by the government
4. Borrowings by the government
Select the correct answer using the code given below:
Which of the following statements on N.K SinghCommittee recommendations are correct?
1. Revenue deficit target of 0.8% by 2023.
2. Fiscal policy anchor should be public debt to GDP ratio.
3. Target of fiscal deficit of 3.5% by 2023.
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If we deduct grants for creation of capital assets from revenue deficit, we arrive at concept of
Which of the following is/are part of Capital Account in Balance of Payments?
1. External bonds issued by the Government of India.
2. Unilateral transfers like gifts and donations.
3. Quota payment to IMF.
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The current account in relation to Balance of Payment include which of the following:
1. Trade in goods
2. Invisible trade
3. FDI
4. Loans by World Bank and IMF
5. Gifts
6. Remittances
7. Trade in services
8. FII
9. Transfer payments
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With reference to the Government of India, which of the following is a Non Debt Capital Receipt?
1. Recovery of loans.
2. Securities against Public Provident Fund.
3. Disinvestment receipts.
Which of the statements given above is/are Correct?
Which of the following is a Fiscal Policy tool in India?
1. Goods and Services Tax
2. Repo rate
3. Corporate tax
4. Public infrastructure spending
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Which of the following will be part of fiscal deficit?
1. Internal debt
2. Government’s external debt
3. Securities issued to food corporation of India
4. Liability to RBI
5. Liability of Central Government to states
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Which of the following will most accurately show the fiscal condition of an economy for current year?
Which of the following receipts are the revenue receipts of Government?
1. Recovery of loans given to the states and union territories
2. Interest received from telecommunication
3. Debt and profit received from RBI
4. Income by tax
Select the correct option:
Which of the following statement's is/are correct about effective revenue deficit?
1. This is the difference between revenue deficit and grants given for the capital formation.
2. Its main purpose is to show the structural imbalances in revenue account.
Codes:
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