INDIAN ECONOMY MOCK TEST – CHAPTER 26

Which of the following would constitute non-tax revenue receipts of the government ?

1. Recovery of loans.
2. Private remittances.
3. Currency printing.
4. Foreign aid.

Which of the following will be counted under capital head of government revenues ?

1. Provident Fund
2. Postal Saving Accounts
3. Government Securities
4. External Borrowings

Arrange the following in the decreasing order of government’s preference to finance the deficit –

1. External Commercial Borrowings
2. Foreign Aid
3. Internal Borrowings
4. Currency Printing

Consider the following statements –

1. Tax revenue constitute more than three fourth of the total revenue receipts of the Union government.
2. In FY2019-20, the total revenue receipts stood at more than 10 percent of India’s GDP.

Which of the above statements is/are CORRECT ?

In the context of Indian economy, which of the following statements is/are TRUE ?

1. In FY2019-20, the total capital receipts stood at less than a percent of India’s GDP.
2. In FY2019-20, the total capital expenditure stood at more than 10 percent of India’s GDP

Which of the following is not a revenue expenditure by the government of India ?

For the FY2019-20, consider the following statements with regards to the revenue expenditure of the Union government –

1. Subsidies accounted for the highest share in revenue expenditure
2. With respect to previous year, subsidies recorded the highest growth rate.

Which of the above statements is/are TRUE ?

Consider the following –

1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI

Which of these is/are components of internal debt ?

A country is said to be in debt trap if,

Which one of the following is responsible for the preparation and presentation of union budget to the Parliament ?

What is the difference between vote-on-account and interim budget ?

1. The provision of a vote-on-account is used by a regular government, while an interim budget is a provision used by the caretaker government.
2. A vote-on-account only deals with the expenditure in government budget, while an interim budget includes both expenditure as well as receipts.

Which of the statements given above is/are correct ?

Which one of the following is likely to be the most inflationary in its effect ?