Consider the following items:
$1.$ Cereal grains hulled
$2.$ Chicken eggs cooked
$3.$ Fish processed and canned
$4.$ Newspapers containing advertising material

Which of the above items is/are exempted under GST (Goods and Services Tax)?

Consider the following in the context of Fiscal policy.

1. Mobilisation of Resources 

2. Reduction in inequalities

3. Bringing Price Stability

4. Containing inflation.

Which of the above are the objectives of Fiscal Policy?

Consider the following statements.

1. All revenues received by the Government and loans raised by it form the Consolidated Fund of India.

2. The provisions with regard to the Consolidated Fund of India is contained in Article 266 of the constitution.

3. Parliamentary authorisation is mandatory to withdraw money from the Consolidated Fund of India.

Which of the above statement(s) is/ are correct?

Consider the following: 

$1.$ Interest payment.

$2.$ Defence expenditure.

$3.$ Economic and social service.

$4.$ Subsidies and salaries.

Which of the above form the part of revenue expenditure?

Which of the following statement(s) is/are correct?

$1$. The Contingency Fund is placed at the disposal of the Comptroller and Auditor General of India to meet urgent unforeseen expenditures. 

$2$. The parliamentary authorisation is not required before the withdrawal of funds from the Contingency Fund.

Select the correct answer from the codes below: 

Consider the following: 
$1.$ Loans raised by the government
$2.$ Borrowings by the government from the RBI.
$3.$ Loans received from foreign governments.
Which of the above is/are termed as capital receipts? Select the correct answer using the codes below: 

Consider the following statements.

1. Recoveries of loans from State and Union Territory Governments and other parties are revenue receipts.

2. Loans and advances granted by Central Government to State and Union Territory Governments are capital payments.

Which of the above statement(s) is/are NOT correct?

Consider the following taxes.

1. Wealth Tax

2. Capital Tax

3. Income Tax

4. Corporate Tax

Which of the above Taxes come under the ambit of Direct tax?

Which of the following in the context of Finance Commission.

1. The distribution of net proceeds of taxes to be shared between the Union and the States and between the States.

2. The principles which should govern the payment of the Union grants-in-aid to the revenues of the States.

3. Measures to be taken to augment the Consolidated Fund of states to help the panchayats and municipalities.

On which of the above, the Finance Commission is required to make recommendations?