INDIAN ECONOMY MOCK TEST – CHAPTER 4

Which of the following propositions constitute Washington Consensus ?

1. Fiscal Prudence.
2. Increase in farm subsidies.
3. Privatisation.
4. Government Regulation.

Which of the following can lead to Balance of Payment Crisis in an economy ?

1. Decrease in total remittances received.
2. Increase in the value of total imports.
3. Decrease in the value of total exports.
4. Printing of currency.

Which of the following activities would lead to fiscal prudence/consolidation in an economy ?

1. Reducing Fiscal Deficit.
2. Reducing Revenue Deficit.
3. Reducing tax to GDP ratio.
4. Contractionary Monetary Policy

Fiscal Responsibility and Budget Management (FRBM) Act was passed by India in which year ?

Which of the following is not an initiative of NITI Aayog ?