Introduction to Fiscal Policy

The policy that deals with taxation and expenditure decision of the government is called:

According to GST Bill, State taxes subsumed in GST is/are:

I. Central Sale tax

II. Luxury tax

III. Taxes on advertisements

Assessment of Government deficits can be done on following basis.

I. Fiscal deficit

II. Revenue deficit

III. Non - plan deficit

Select the correct answer using the codes given below.

Many a times we read about rural indebtedness in variuos newspapers/magzines. What are the main causes of the rural indebtedness?

I. Poverty.

II. Inability to repay the loans.

III. Zamindari system which prevents farmers to own the land.

Select the correct answer using the codes given below

As we all know, the Ministry of Finance every year prepares the Union budget and presents it to the Parliament. Which of the following is/are the elements of the Union Budget?

I. Estimates of revenue and capital receipts.

II. Ways and means to raise the revenue.

III. Estimates of expenditure

Which of the following is/are the components of the fiscal deficit?

I. Budgetary deficit

II. Market Borrowing

III. Expenditure made from Pradhan Mantri Rahat Kosh

Select the correct answer using the codes given below

Which of the following are the direct taxes?

As we all know, Government of India pays special emphasis on the management of Fiscal Deficit. What is Fiscal Deficit?

A debt becomes time - barred after _____.

A country is said to be in a debt trap if _____.

'Claused Bill of Lading' is one which indicates _____.

Inflation is caused by _____.

Indian tax system is accused of _____.

'Dark Block' is an area _____ .

Which one of the following deficits deducted the interest payments to internal and external debt from the fiscal deficit to calculate the deficit of an economy?

In January, $1998$, the Reserve Bank of India introduced new regulatory framework for safeguarding the interest of depositors. The guidelines comprises:

Which of the following acts govern the RBI functions?

Quantitative instrument of RBI can be:

As per the guidelines issued by the RBI, banks are preparing for a service which will allow customers to withdraw up to $1000$using their debit cards from notified shops/stores all over the country. All such shops/stores will have 'PoS ' terminals for the same. What is the full form of the 'PoS'?

As we all know the Securities & Exchange Board of India (SEBI) has taken some corrective steps to restrict the functioning of Participatory Notes (P-Notes) in Indian Stock Markets. Why are P-Notes considered dangerous for the financial markets of a country?
(1) This allows a foreign investor to invest funds without knowing the history/ financial health of a company. If the company fails foreign investors to lose their money. Govt of India does not want this as this will bring a bad name to the country.
(2) P-Notes allow foreign investors to buy shares of blue-chip companies without following Know Your Customer (KYC) norms. Hence money invested here may not be from a valid and legal source.
(3) P-Notes are launched to arrange funds only for social schemes. Due to huge funds available with NRIs for the investment they are sending it in bulk. Hence the cost of such investments is very high, and it is not commercially viable for banks to accept such investments.