UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          DIRECTIONS: Match List-I with List-II and select the correct answer using the codes given below the lists. Match columns A and B Column A
    Column A Column B
    I. Planned expenditure A. 2,21,733 Crores
    II. Non-Planned B. 4,65,277 Crores expenditure
    III. Tax revenue C. 13,12,200 Crores
    IV. Non-tax revenue D. 9,19,842 Crores

    A) I-C, II-A, III-B, IV-D       

    B) I-B, II-C, III-D, IV-A

    C) I-A, II-C, III-D, IV-B       

    D) I-D, II-C, III-D, IV-A

    Correct Answer: B

    Solution :

    A summary of the expected Income and Expenditure data of the Union Budget 2015-16 is given in the Table. It shows a revenue deficit of 2.8 percent and fiscal deficit of 3.9 percent                          Fiscal and Monetary Policy Budget 2015-16(Revenue Receipts)      
    Tax revenue (income corporate taxes) 9,19,842 Crores
    Non-tax revenue (customs, excise duties and service taxes) 2,21,733 Crores
    Total 11,41,575 Crores
                Expenditure
    Non-Planned expenditure 13,12,200 crores
    Planned expenditure 4,65,277 crores
    Total 17,77,477 crores


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