1.
Public Expenditure refers to
A
Government Expenditure
B
Private Expenditure
C
Household Expenditure
D
None of the above
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Public Expenditure refers to
Government Expenditure
Private Expenditure
Household Expenditure
None of the above
Which of the following is the most comprehensive measure of budgetary imbalances?
Fiscal Deficit
Revenue Deficit
Primary Deficit
All of the above
Which of the following is not true of public budget?
A budget contains only proposals of taxation
It refers to the policies of the government
It contains the estimated receipts and proposed expenditure
It reflects the programmes of the government
Which of the following is not an objective of public debt management
Loans at low cost
Repayment over a long period
Stabilisation of the level of economic activity
Economic growth
Which is / are the advantages of redemption of debt
Saves the government from bankruptcy
Reduces Cost
Saves future generation from the pressure of public debt
All of the above
When budget revenue equals expenditure the budget shows
Balance
Deficit
Surplus
None of the above
Under Article 246 and Seventh Schedule, List II invest the State with functions of
National Importance
Defence
External Affairs
Public Health
Under Article 246 and Seventh Schedule, List I invest the Union with functions of
National Importance
State Importance
Local Importance
All of the above
Transfer payments include
Old age pension
Subsidies
Interest on public debt
All of the above
The treasury bills are issued by RBI on behalf of the government
Short-term public debt
Medium-term public debt
Long-term public
None of the above
The theory of fiscal federalism assumes
A federal system of government can be efficient and effective in solving problems
A federal government will be able to bring about economic stability allocation of resources
Since states and localities are not equal in their income, federalism is helpful
All of the above
The term Fiscal Federalism was introduced by
Musgrave
Oates
Dalton
None of the above
The term fiscal federalism was introduced by
Dalton
Seligman
Musgrave
None of the above
The number of sections of a good budget are
Two
Three
Five
Eight
The method by which a certain portion matures every year as decided by the lottery system
Sinking Fund
Surplus Revenues
Terminal Annuities
None of the above
The major objectives of public expenditure are
Economic Growth
Maintenance of Defence
Social Welfare
All of the above
The main pillars of institutional framework to deal with centre-state financial relations in India is
Finance Commission
Planning Commission
National Development Council
All of the above
The full form of FRBM Act 2003 is
Fiscal Regulation and Budget Management Act, 2003
Fiscal Regulation and Banking Management Act, 2003
Fiscal Responsibility and Budget Management Act, 2003
Financial Responsibility and Budget Management Act, 2003
The finance commissions role is to
Propose New Taxes
To Abolish Old taxes
To review and modify arrangements
None of the above
The defence expenditure minimizes the possibility of
External threats
Internal threats
Terrorism
All of the above