The term 'Base Erosion and Profit Shifting' is sometimes seen in the news in the context of:
Important Questions on Fiscal Policy
Under which of the following circumstances may 'Capital gains' arise?
When there is an increase in the sales of a product.
When there is a natural increase in the value of the property owned.
When you purchase a painting, there is growth in its value due to an increase in its popularity.
Select the correct answer using the codes given below:
Concerning the Union Budget, which of the following is/are covered under Non-Plan Expenditure?
Defence expenditure
Interest payments
Salaries and pensions
Subsidies
Select the correct answer from the codes given below:
Which of the following is/are included in the capital budget of the Government of India?
Expenditure on acquisition of assets like roads, buildings, machinery, etc.
Loans received from foreign governments.
Loans and advances granted to the States and Union Territories.
Select the correct answer using the code given below:
What is/are the purpose of the Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'?
To bring the idle gold lying with Indian households into the economy.
To promote FDI in the gold and jewellery sector.
To reduce India's dependence on gold imports.
Select the correct answer using the code given below:
Consider the following statements:
1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.
2. The Central Government has domestic liabilities of 21 % of GDP as compared to that of 49% of GDP of the State Governments.
3. As per the Constitution of India, it is mandatory for a State to take the Central Government's consent for raising any loan if the former owes any outstanding liabilities to the latter.
Which of the statements given above is/are correct?
Consider the following items:
Cereal grains hulled
Chicken eggs cooked
Fish processed and canned
Newspapers containing advertising material
Which of the above items is/are exempted under GST (Goods and Services Tax)?
