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question_answer1)
From the following statements given in Column I Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Repayment of loans and advances | 1. | Revenue Expenditure |
(B) | Special assessment | 2. | Capital Expenditure |
(C) | Borrowings | 3. | Revenue receipts |
(D) | Expenditure on mid day meal | 4. | Capital receipts |
A)
A 2, B 3, C 4, D 1 done
clear
B)
A 3, B 4, C 2, D 1 done
clear
C)
A 1, B 3, C 2, D 4 done
clear
D)
A 4, B 1, C 3, D 2 done
clear
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question_answer2)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Fiscal Year | 1. | Revenue Expenditure > Revenue Receipts |
(B) | Fiscal Deficit | 2. | 1 April to 31 March |
(C) | Revenue Deficit | 3. | Fiscal Deficit Interest Payments |
(D) | Primary Deficit | 4. | Borrowings |
A)
A 4, B 2, C 1, D 3 done
clear
B)
A 1, B 4, C 3, D 2 done
clear
C)
A 3, B 1, C 2, D 4 done
clear
D)
A 2, B 4, C 1, D 3 done
clear
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question_answer3)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Equitable Distribution of Income | 1. | MGNREGA |
(B) | Reallocation of Resources | 2. | Tax on rich, subsidy to poor |
(C) | Balanced Regional Growth LPG | 3. | Tax on liquor, subsidy on |
(D) | Employment opportunities | 4. | Rebate on electricity, tax holidays to new industrial units opened in backward regions |
A)
A 3, B 2, C 1, D 4 done
clear
B)
A 2, B 3, C 4, D 1 done
clear
C)
A 1, B 4, C 3, D 2 done
clear
D)
A 4, B 1, C 3, D 2 done
clear
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question_answer4)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Imposed and paid by the same person | 1. | Escheat |
(B) | Imposed on one but paid by other person | 2. | Non-taxable Receipts |
(C) | Claim on property having no will or legal heir | 3. | Indirect Tax |
(D) | Court fee, License fee | 4. | Direct Tax |
A)
A 1, B 2, C 3, D 4 done
clear
B)
A 3, B 2, C 1, D 4 done
clear
C)
A 4, B 3, C 1, D 2 done
clear
D)
A 2, B 3, C 4, D 1 done
clear
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question_answer5)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Policy of Surplus Budget | 1. | Capital expenditure |
(B) | Policy of Deficit Budget | 2. | Capital receipt |
(C) | Creates liability of the government | 3. | To overcome inflation in the economy |
(D) | Creates assets of the government | 4. | To overcome deflation in the economy |
A)
A 1, B 2, C 3, D 4 done
clear
B)
A 2, B 1, C 4, D 3 done
clear
C)
A 4, B 1, C 3, D 2 done
clear
D)
A 3, B 4, C 2, D 1 done
clear
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question_answer6)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Primary Deficit | 1. | Borrowings |
(B) | Zero Primary Deficit | 2. | Revenue Deficit |
(C) | Primary Deficit + Interest Payments | 3. | Fiscal Deficit = Interest Payments |
(D) | "Revenue Expenditure - Revenue Receipts | 4. | Fiscal Deficit Interest Payments |
A)
A 3, B 4, C 2, D 1 done
clear
B)
A 4, B 3, C 1, D 2 done
clear
C)
A 1, B 2, C 3, D 4 done
clear
D)
A 2, B 1, C 4, D 3 done
clear
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question_answer7)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | GDP Growth | 1. | All revenue receipts other than taxes |
(B) | Direct Tax | 2. | Impact and incidence on different persons |
(C) | Indirect Tax | 3. | Impact and incidence on the same person |
(D) | Non-tax Receipt | 4. | Investment in both public and private sector |
A)
A 4, B 3, C 2, D 1 done
clear
B)
A 1, B 2, C 3, D 4 done
clear
C)
A 2, B 1, C 3, D 4 done
clear
D)
A 3, B 4, C 1, D 2 done
clear
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question_answer8)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Challan | 1. | Indirect Tax |
(B) | Purchase of Metro Rail Engine | 2. | Non-tax Receipt |
(C) | Disinvestment | 3. | Capital Expenditure |
(D) | Goods and Services Tax | 4. | Capital Receipt |
A)
A 2, B 3, C 4, D 1 done
clear
B)
A 1, B 2, C 4, D 3 done
clear
C)
A 3, B 2, C 1, D 4 done
clear
D)
A 4, B 1, C 2, D 3 done
clear
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question_answer9)
From the following statements given in Column I and Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Budget | 1. | Parliament |
(B) | Budget presented in | 2. | 1 February |
(C) | Budget presented on | 3. | Finance Minister |
(D) | Budget presented by | 4. | Annual statement of estimated receipts and estimate expenditure by the government |
A)
A 2, B 1, C 3, D 4 done
clear
B)
A 1, B 3, C 2, D 4 done
clear
C)
A 4, B 1, C 2, D 3 done
clear
D)
A 3, B 2, C 1, D 4 done
clear
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question_answer10)
From the following statements given in Column I am Column II, choose the correct pair of statements:
Column I | Column II |
(A) | Escheat | 1. | Union Budget |
(B) | Goods and Services Tax | 2. | Direct Tax |
(C) | Income Tax | 3. | Indirect Tax |
(D) | Budget of Central Government | 4. | Non-tax Receipt |
A)
A 4, B 3, C 2, D 1 done
clear
B)
A 3, B 2, C 1, D 4 done
clear
C)
A 2, B 1, C 3, D 4 done
clear
D)
A 1, B 3, C 4, D 2 done
clear
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