Q221.Balance of Payment on capital account includes
Correct answer: All of the above
Q222.What was the size of the Budget of Uttar Pradesh for 2018-19?
Correct answer: ` 428384.52 crores
Q223.The term ‘Balance of Payment’ is used in relation to which of the following?
Correct answer: Export and Imports
Q224.Which one of the following did not take place in the Union Budget for 2017-18?
Correct answer: Increase in the number of centrally sponsored schemes
Q225.Which one of the following statements is not correct?
Correct answer: The Dunkel proposals also include the proposal that Indo-Pak relation may be strengthened on the basis of Shimla Agreement
Q226.Match List-I with List-II and select the correct answer using the codes given below the lists. List-I (a) Fiscal deficit (b) Budget deficit (c) Revenue deficit (d) Primary deficit List-II 1. Excess of total expenditure over total receipts 2. Excess of revenue expenditure over revenue receipts 3. Excess of total expenditure over total receipts less borrowing 4. Excess of total expenditure over total receipts less borrowings and interest payment Code (a) (b) (c) (d)
Correct answer: 3
Q227.What have been the reasons of deficit in India’s Balance of Trade in the Past?
Correct answer: All of the above
Q228.Assertion (A): Fiscal deficit is greater than budgetary deficit. Reason (R): Fiscal deficit is borrowing from the Reserve Bank of India plus other liabilities of Government to meet its expenditure. In the context of the given two statements, which of the following is correct? Code
Correct answer: Both (A) and (R) are true, but (R) is not the correct explanation of (A)
Q229.Balance of payment is defined as
Correct answer: complete record of all economic transaction between the residents of the country and rest of the world
Q230.Consider the following statements and select the correct answer from the codes given below. Assertion (A): Zero-Base Budget has been introduced in India. Reason (R): Zero-Base Budget technique involves critical review of every scheme for which a budgetary provision is made. Code
Correct answer: (A) is false, but (R) is true
Q231.India export maximum leather to
Correct answer: U.S.A.
Q232.Consider the following statements and select the correct answer using the codes given below. Assertion
Correct answer: (A) is true, but (R) is false
Q233.Which one of the following groups constitutes the largest item of Export from India?
Correct answer: Readymade Garments, Gems and Jewellery
Q234.As per Union Budget 2018-19, match List-I with List-II and select the correct answer from the codes given below. List-I (Sector) (a) Defence (b) Agriculture and allied activity (c) Subsidy for food (d) Rural development List-II (Budget allocation: in lakh crores) 1. ` 1.38 2. ` 1.69 3. ` 0.63 4. ` 2.82 Code (a) (b) (c) (d)
Correct answer: 4
Q235.Which among the following does not have ‘free trade zone’?
Correct answer: Kandla
Q236.Fiscal Policy is concerned with
Correct answer: the policy regarding taxation and expenditure
Q237.‘ECGC’ is related to
Correct answer: Export financing and insurance
Q238.Which one of the following is part of fiscal policy?
Correct answer: Tax policy
Q239.Which organisation promotes the foreign trade?
Correct answer: ECGC
Q240.Fiscal policy means
Correct answer: policy relating to government spending, taxation and borrowing
Syllabus roadmap
Topics to cover next.
01
General practice
Topic-wise questions and study coverage will appear here.