Questions (144)
Q8CSE2011
Which one of the following statements appropriately describes the "fiscal stimulus"?
- A It is a massive investment by the Government in manufacturing sector to ensure the supply of goods to meet the demand surge caused by rapid economic growth
- B It is an intense affirmative action of the Government to boost economic activity in the country ✓
- C It is Government's intensive action on financial institutions to ensure disbursement of loans to agriculture and allied sectors to promote greater food production and contain food inflation
- D It is an extreme affirmative action by the Government to pursue its policy of financial inclusion
✓ Correct answer: (B)
Economy › Public Finance & Budget
Q16CSE2011
Which one of the following is not a feature of "Value Added Tax"?
- A It is a multi-point destination-based system of taxation
- B It is a tax levied on value addition at each stage of transaction in the production-distribution chain
- C It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer
- D It is basically a subject of the Central Government and the State Governments are only a facilitator for its successful implementation ✓
✓ Correct answer: (D)
Economy › Public Finance & Budget
Q74CSE2011
What is the difference between "vote-on-account" and "interim budget"?
- The provision of a "vote-on-account" is used by a regular Government while an "interim budget" is a provision used by a caretaker Government
- A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts
Which of the statements given above is/are correct?
- A 1 only
- B 2 only ✓
- C Both 1 and 2
- D Neither 1 nor 2
✓ Correct answer: (B)
Economy › Public Finance & Budget
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