Cluster · Government Budget and Fiscal Policy

d
Clusters / #1324
tight score 0.00

Government Budget Revenue Expenditure Classification
Questions
300
Questions in this cluster
299 total
Question Category Subtype Difficulty

Which of the following is an example of capital expenditure in the government budget? [MTS Non Tech Havaldar CBIC and CBN Examination 2023]

pipeline-768904
gk intermediate

Plan revenue expenditure relates to _______.
I. Five-year plans
II. Salaries and pensions [Combined Graduate Level Examination Tier I 2022]

pipeline-768841
gk intermediate

Which of the following is the correct duration of ‘Financial Year 2022-23’ in India? [Combined Graduate Level Examination Tier I 2023]

pipeline-773355
gk intermediate

Plan revenue expenditure relates to _______. I. Five-year plans II. Salaries and pensions [Combined Graduate Level Examination Tier I 2022]

pipeline-773966
gk intermediate

A situation where the expenditure of the government exceeds its revenue is known as:

[SSC CGL 2019]

pipeline-1187210
gk intermediate

Which of the following may be called as fiscal deficit?

[SSC CHSL 2021]

pipeline-1187186
gk intermediate

Government of India accounts are kept in three parts. Which of the following is NOT one of the three?

[RRB NTPC CBT]

pipeline-1187211
gk intermediate

The_________ assesses the prospects of the economy with respect to the GDP growth rate, fiscal balance of the central government and external balance.

[RRC GROUP D]

pipeline-1187195
gk intermediate

When is the primary deficit zero in the Government of India budget?

[RRC GROUP D]

pipeline-1187206
gk intermediate

Which of the following statements is/are correct about the Union Government budget in India?
a. The Budget reflects the vision of the government in fulfilling the aspirations of people.
b. The Budget is the summary report of the financial performance of the government in power.
c. The Budget provides details of expenditures meted out by various Union Government ministries.

[SSC MTS 2024]

pipeline-1187196
gk intermediate

Non-Tax revenue is part of __________.

[SSC CGL 2023]

pipeline-1187137
gk intermediate

Which of the following items is NOT a part of the non-plan revenue expenditure of the government budget ?

[SSC CHSL 2023]

pipeline-1187123
gk intermediate

According to David Ricardo, during a high deficit situation taxation and borrowings are _____ means of spending.

[SSC CHSL 2023]

pipeline-1187204
gk intermediate

__________ is an indication of the total borrowings needed by the government.

[SSC GD 2022]

pipeline-1187194
gk intermediate

When expenditure exceeds revenue, the budget is said to be in _______.

[SSC CGL 2022]

pipeline-1187145
gk intermediate

Receipts of the government which create liability or reduce financial assets are termed as ___________.

[SSC GD 2022]

pipeline-1187207
gk intermediate

Which of the following is an example of capital expenditure in the government budget?

[SSC MTS 2023]

pipeline-1187217
gk intermediate

Which country first introduced zero-based budgeting?

[SSC CHSL 2023]

pipeline-1187138
gk intermediate

What is a budget deficit?

[SSC MTS 2023]

pipeline-1187153
gk intermediate

Budget documents classify total expenditure into ________________.

[SSC GD 2022]

pipeline-1187215
gk intermediate

A government budget shows a primary deficit of ₹6,900 crore. The revenue expenditure on interest payment is ₹400 crore. Fiscal deficit is equal to:

[SSC CPO 2023]

pipeline-1187154
gk intermediate

The government deficit can be reduced by ____taxes or _____ expenditure.

[NTPC CBT 2]

pipeline-1187157
gk intermediate

Which of the following best represents the Revenue Deficit?

[SSC MTS 2024]

pipeline-1187149
gk intermediate

Gross primary deficit is equal to ________.

[RRB NTPC CBT]

pipeline-1187155
gk intermediate

Which of the following is equal to the primary deficit?

[RRC GROUP D]

pipeline-1187185
gk intermediate

In the context of a government budget, what does the term fiscal deficit represent?

[SSC GD 2024]

pipeline-1187220
gk intermediate

From the ______ budget, the practice of showing budget deficit has been discontinued in India.

[SSC GD 2024]

pipeline-1187192
gk intermediate

Which Indian budget introduced a statement highlighting the gender sensitivities of the budgetary allocations?

[SSC CGL 2022]

pipeline-1187225
gk intermediate

The Government of India set up a committee to review the Fiscal Responsibility and Budget Management Act 2003, under the Chairmanship of NK Singh, in the year________.

[RRC GROUP D]

pipeline-1187227
gk intermediate

Budget is a statement of estimated receipts and expenditures of the government in respect of every ___________.

[SSC GD 2022]

pipeline-1187132
gk intermediate

What is a fiscal year?

[SSC MTS 2023]

pipeline-1187189
gk intermediate

Which of the following is India’s first Paperless Budget?

[SSC CGL 2021]

pipeline-1187142
gk intermediate

Which measure captures the difference between the government's total expenditure and total receipts, excluding borrowing?

[SSC GD 2024]

pipeline-1187146
gk intermediate

Which of the following is an example of revenue expenditure?

[RRC GROUP D]

pipeline-1187122
gk intermediate

Read the following about the Revenue expenditure.
A. Revenue Expenditure is expenditure incurred for purposes other than the creation of physical or financial assets of the central government.
B. It relates to those expenses incurred for the normal functioning of the government departments and various services. interest payments on debt incurred by the government, and grants given to state governments and other parties (even though some of the grants may be meant for creation of assets).
Identify the INCORRECT statement/statements.

[SSC GD 2024]

pipeline-1187190
gk intermediate

From ___________ onwards, the Economic Survey in India has been delinked from the Union Budget.

[RRB NTPC CBT]

pipeline-1187203
gk intermediate

In economics, what does ‘Budget Surplus’ mean?

[NTPC CBT 2]

pipeline-1187140
gk intermediate

Where does the cash grants in aid from foreign countries are classified?

[SSC MTS 2024]

pipeline-1187184
gk intermediate

Read the following about Deficit reduction.
A. Government deficit can be reduced by an increase in taxes or reduction in expenditure.
B. In India, the government has been trying to increase tax revenue with greater reliance on direct taxes (indirect taxes are regressive in nature - they impact all income groups equally).
Identify the CORRECT statement/statements

[SSC GD 2024]

pipeline-1187124
gk intermediate

Which of the following is NOT included in the financial budget of India?

[RRC GROUP D]

pipeline-1187205
gk intermediate

The FRBMA was enacted in 2003, which set targets for the government to reduce fiscal deficits. What does FRBMA stand for?

[NTPC CBT 2]

pipeline-1187218
gk intermediate

Which of the following statements is correct regarding Capital Expenditure?
I. Capital expenditure results in creation of physical or financial assets or reduction in financial liabilities.
II. Non-plan capital expenditure covers various general, social and economic services provided by the government.

[SSC GD 2024]

pipeline-1187147
gk intermediate

When the government resorts to borrowing only to clear the backlog if interest payments, it is referred to as ______________.

[SSC CHSL 2021]

pipeline-1187216
gk intermediate

Which of the following formulas is used to determine the Gross Fiscal Deficit?

[RRC GROUP D]

pipeline-1187148
gk intermediate

Which of the following is an example of a non-debt capital receipt in the government budget ?

[SSC MTS 2023]

pipeline-1187131
gk intermediate

The dividends received by the Government from Public Sector Undertakings (PSUs) are ________.

[SSC CHSL 2023]

pipeline-1187120
gk intermediate

Which of the following is considered a capital expense?

[SSC CPO 2023]

pipeline-1187151
gk intermediate

_______ is when a government taxing, spending, or borrowing decision has or is intended to have no net effect on the economy.

[NTPC CBT 2]

pipeline-1187118
gk intermediate

Which of the following is NOT a part of the capital receipts?

[SSC MTS 2024]

pipeline-1187223
gk intermediate

Revenue account includes items related to the _______.

[SSC MTS 2024]

pipeline-1187130
gk intermediate
Page 2 of 6