Q241.Which one of the following institutions related to export financing and insurance?
Correct answer: ECGC
Q242.Which one of the following is NOT the objective of fiscal policy of government of India?
Correct answer: Regulation of inter-state trade
Q243.Invisible export means export of
Correct answer: Services
Q244.In India, which one among the following formulates the fiscal policy?
Correct answer: Finance Ministry
Q245.Balance of payment includes
Correct answer: All of the above
Q246.Which of the following economists, introduced fiscal policy as a tool to rectify the Great Depression of 1929-30?
Correct answer: Prof. Keynes
Q247.A letter of credit has to be produced by
Correct answer: An importer
Q248.A change in fiscal policy affects the balance of payments through
Correct answer: Both the current account and capital account
Q249.Which one of the following set of commodities are exported to India by arid and semi-arid countries in the Middle East?
Correct answer: Raw Wool and Carpets
Q250.Which one of the following was not stipulated in the Fisca Responsibility and Budget Management Act 2003?
Correct answer: Elimination of primary deficit by the end of the fiscal year 2008-09
Q251.Consider the following statements. The Indian rupee is fully convertible 1. In respect of Current Account of Balance of Payment 2. In respect of Capital Account of Balance of Payment 3. Into gold Which of these statement(s) is/are correct?
Correct answer: Only 1
Q252.Fiscal responsibility and Budget Management Act was enacted in India in the year
Correct answer: 2003
Q253.Which one of the following countries is the largest trading partner of India?
Correct answer: China
Q254.Which one of the following statements appropriately describes the ‘fiscal stimulus’?
Correct answer: It is an intense affirmative action of the government to boost economic activity in the country
Q255.Among the following countries, which was the highest crude oil supplier to India during 2017-18?
Correct answer: Iraq
Q256.Globalisation does not include
Correct answer: disinvestment of Public Sector Equity
Q257.Which of the following commodities has highest export from India in 2017?
Correct answer: Engineering goods
Q258.Consider the following statements. 1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Government. 2. The Central Government has domestic liabilities of 21% of GDP as compared to that of 49% of GDP of the State Government. 3. As per the Constitution of India, it is mandatory for a State to take the Central Government’s consent for raising any loan if the former owes any outstanding liabilities to the latter. Which of the statement(s) given above is/are correct?
Correct answer: Only 1 and 3
Q259.Which of the following continued to be the major component of India’s external credit till 2017?
Correct answer: Commercial borrowing
Q260.Consider the following important sources of tax revenue for the Central Government in India. 1. Union Excise Duty 2. Corporation Tax 3. Income Tax 4. Service Tax Which of the following is the correct descending order in terms of Gross Tax Revenue?
Correct answer: 2, 3, 1, 4
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01
General practice
Topic-wise questions and study coverage will appear here.