Budget

IMPORTANT

Budget: Overview

This topic covers concepts, such as, Banking, Components of Indian Economy, Types of Taxes on Income & Development Financial Institutions (DFIs) etc.

Important Questions on Budget

EASY
IMPORTANT

Marketing surplus is:

MEDIUM
IMPORTANT

India revoked Pakistan's most-favoured-nation (MFN) status following the Pulwama terrorist attack. Consider the following statements regarding MFN (most favoured nation status):

  1.  MFN essentially guarantees the most favourable trade conditions between two countries.
  2.  Under WTO norms, member countries are mandated to give this status to each other on a reciprocal basis.
  3.  India had granted MFN status, which provides non-discriminatory access to its market, to Pakistan in 1996.
  4.  Pakistan has accorded MFN status to India in1999.
Which of the above statements are not true?

HARD
IMPORTANT

The 1 nomic Advisory Council to the Prime Minister (PMEAC) in India has recommended phased dilution of Government stake in Public Sector Banks from:

EASY
IMPORTANT

Which of the following is not a type of banks ?

HARD
IMPORTANT

'Masala Bonds' have been issued by:

MEDIUM
IMPORTANT

Which type of fiscal policy is undertaken by the Government during recessions to increase the level of economic activity?

EASY
IMPORTANT

Which of the following stances of fiscal policy is undertaken when an economy is neither in recession nor in expansion?

EASY
IMPORTANT

Consider the following statements.
A) Fiscal policy is concerned with raising revenue through taxation and government spending.
B) Fiscal policy includes measures employed by governments to stabilise the economy.
Choose the correct answer code.
 

MEDIUM
IMPORTANT

When did GAAR (General Anti- Avoidance Rule) come into operation in India?

EASY
IMPORTANT

Which of the following statement best describes 'Primary Deficit?

EASY
IMPORTANT

_____ is not a source of revenue to the central Government.

MEDIUM
IMPORTANT

Sustainable economic development means an increase in the rate of growth of real:

EASY
IMPORTANT

The economic development of a country depends upon

EASY
IMPORTANT

In case of gold, revenue is recognized in the accounting period in which the gold is:

EASY
IMPORTANT

Which one of the following countries is not a member of WTO?

MEDIUM
IMPORTANT

Special Economic Zones are developed to:

EASY
IMPORTANT

Whenever countries set up a free trade area, they abolish all restrictions on trade among themselves and:

EASY
IMPORTANT

Which among the following has become the first company to list its commercial papers on the stock exchanges?

EASY
IMPORTANT

Team Cashless India is launched by_______?

MEDIUM
IMPORTANT

Which public sector bank is in agreement with the Employees’ State Insurance Corporation (ESIC) to provide its e-payment services to the bank accounts of all ESIC beneficiaries?