Cluster · Government Budget and Fiscal Policy

d
Clusters / #1324
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Government Budget Revenue Expenditure Classification
Questions
300
Questions in this cluster
299 total
Question Category Subtype Difficulty

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

Which of the following is NOT a capital receipt?

[RRC GROUP D]

pipeline-1187193
gk intermediate

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

[SSC GD 2022]

pipeline-1187194
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

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

Which of the following is an example of capital receipt?
A) Borrowings from World Bank to fund Project to Save Tigers
B) Sale of 30% stake in a PSU to private companies

[SSC CHSL 2023]

pipeline-1187197
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

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

[SSC GD 2022]

pipeline-1187207
gk intermediate

Gross primary deficit is the difference between ________.

[SSC CGL 2022]

pipeline-1187208
gk intermediate

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

[SSC CGL 2019]

pipeline-1187210
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

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

[SSC MTS 2023]

pipeline-1187217
gk intermediate

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

[SSC GD 2024]

pipeline-1187220
gk intermediate

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

[SSC CGL 2022]

pipeline-1187225
gk intermediate

Which of the following statements is true?
A)Wage bill of the government is a capital expenditure.
B) Disinvestment by the government in a company is a capital receipt.

[SSC CGL 2022]

pipeline-1187909
gk intermediate

Which of the following is NOT one of the government accounts of India?

[SSC MTS 2024]

pipeline-1187912
gk intermediate

Read the following statements related to Revenue Receipts.
A. Revenue receipts are those receipts which cannot be claimed from the government.
B. Revenue receipts are divided into tax and non-tax revenue.
Identify the correct statement(s).

[SSC GD 2024]

pipeline-1187229
gk intermediate

Read the following about Capital receipts.
A. All those receipts of the government which create liability or reduce financial assets are termed as capital receipts.
B. The main items of capital receipts are loans raised by the government from the public which are called market borrowings, borrowing by the government from the Reserve Bank and commercial banks and other financial institutions through the sale of treasury bills, loans received from foreign governments and international organisations, and recoveries of loans granted by the central government.
Identify the CORRECT statement/statements

[SSC GD 2024]

pipeline-1187128
gk intermediate

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

[SSC CGL 2021]

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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

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

[RRB NTPC CBT]

pipeline-1187203
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

In India the financial/fiscal year is taken from______ .

[SSC GD 2024]

pipeline-1187062
gk intermediate

What is the main objective of zero-based budgeting?

[SSC MTS 2024]

pipeline-1187015
gk intermediate

An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as _________.

[SSC CGL 2023]

pipeline-1187008
gk intermediate

Which of the following is NOT the principle laid down by the OECD about budgetary governance?

[SSC MTS 2024]

pipeline-1187067
gk intermediate

The budget expenditure of the government is broadly classified into how many categories?

[RRC GROUP D]

pipeline-1187066
gk intermediate

From which budget year in India was the Railway budget merged with the Union budget and was not presented separately?

[RRC GROUP D]

pipeline-1187075
gk intermediate

If the value of gross fiscal deficit will be more than net interest liabilities, the value of gross primary deficit will be________________ .

[SSC MTS 2022]

pipeline-1187060
gk intermediate

What is non-tax revenue?

[RRC GROUP D]

pipeline-1187064
gk intermediate

Which of the following is NOT the component of the capital expenditure of the Government?

[SSC CGL 2022]

pipeline-1187056
gk intermediate

What is the change in fiscal deficit if both the primary deficit and interest payments are doubled?

[RRB NTPC CBT]

pipeline-1187030
gk intermediate

Cash Grant - in Aid from foreign countries and international organisations are a part of _______.

[RRC GROUP D]

pipeline-1187024
gk intermediate

Which of the following expressions is correct regarding the gross fiscal deficit?

[SSC CGL 2023]

pipeline-1187006
gk intermediate

Revenue receipts are __________ as they do not lead to a claim on the government.

[SSC GD 2022]

pipeline-1187023
gk intermediate

Read the following statements related to a balanced budget.
A. The government can spend an amount equal to the accumulated income. This is called a balanced Budget.
B. If more needs to be spent, the amount will have to be received through taxes to balance the budget.
Identify the correct statement(s).

[SSC GD 2024]

pipeline-1187068
gk intermediate

Among the following, which of these are an example of capital receipt?

[SSC MTS 2022]

pipeline-1187021
gk intermediate

Payment of loan by the government is an example of _____________.

[SSC CHSL 2021]

pipeline-1187017
gk intermediate

Which of the following is an example of capital receipt?

[SSC CHSL 2023]

pipeline-1187018
gk intermediate

Expenditure of the government on health facilities, education and fixed-asset acquisition is termed as __________ .

[SSC CPO 2023]

pipeline-1187026
gk intermediate

The intervention of the government whether to expand demand or reduce it constitutes the __________ function.

[SSC GD 2022]

pipeline-1187027
gk intermediate

Which of the following is an example of a non-tax revenue source for the government?

[SSC CGL 2024]

pipeline-1187029
gk intermediate

____________is the income of the Government, Which arises out of the property left by the people without a legal heir.

[SSC CHSL 2023]

pipeline-1187057
gk intermediate

A budget document that relates to the revenue receipts and revenue expenditures of the government for a particular financial year is:

[SSC GD 2022]

pipeline-1187058
gk intermediate

Excess of government's revenue expenditure over revenue receipts is termed as ________

[RRC GROUP D]

pipeline-1187063
gk intermediate

During a boom, the deficit of the government will reduce automatically due to _______.

[SSC CHSL 2023]

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gk intermediate

Which of the following are the major objectives of governments engaged in the budgetary process in India?
a. Stabilising the level of aggregate demand in the economy
b. Redistributing incomes of people as per constitutional principles
c. Floating schemes to appeal to citizens in a democratic way on a regular basis
d. Allocating funds to various economic activities

[SSC MTS 2024]

pipeline-1187078
gk intermediate

Which of the given options would result in an increase in gross fiscal deficit?

[RRC GROUP D]

pipeline-1187011
gk intermediate

If the government revenue expenditure exceeds revenue receipt, it is called:

[SSC CGL 2023]

pipeline-1187059
gk intermediate

Recoveries of loans and advances, borrowings, are an example of __________ .

[SSC CPO 2023]

pipeline-1187020
gk intermediate
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