Fiscal Policy & Budget PYQs

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1. Prelims 2004Q22Fiscal Policy & Budget

   Consider the following statements:

   1.The Oil Pool Account of Government of India was dismantled with effect from 1-4-2002.

   2.Subsidies on PDS kerosene and domestic LPG are borne by Consolidated Fund of India.

   3.An expert committee headed by Dr. R.A. Mashelkar to formulate a national auto fuel policy recommended that Bharat Stage-II Emission Norms should be applied throughout the country by 1 April, 2004.

   Which of these statements given above are correct?

   a1 and 2b2 and 3c1 and 3d1, 2 and 3
2. Prelims 2002Q87Fiscal Policy & Budget

   With reference to the Indian Public Finance consider the following statements:

   1.External liabilities reported in Union Budget are based on historical exchange rates.

   2.The continued high borrowing has kept the real interest rates high in the economy.

   3.The upward trend in the ratio of Fiscal Deficit to GDP in recent years has an adverse effect to private investments.

   4.Interest payments is the single largest component of the non-plan revenue expenditure of the Union Government.

   Which of these statements are correct?

   a1, 2 and 3b1 and 4c2, 3 and 4d1, 2, 3 and 4
3. Prelims 2001Q50Fiscal Policy & Budget

   Consider the following:

   I.Market borrowing

   II.Treasury bills

   III.Special securities issued to RBI

   Which of these is/are component(s) of internal debt?

   aI onlybI and IIcII onlydI, II and III
4. Prelims 2001Q73Fiscal Policy & Budget

   Match List I with List II and select the correct answer using the codes given below the Lists:

   List I (Term)

   A.Fiscal deficit

   B.Budget deficit

   C.Revenue deficit

   D.Primary deficit

   List II (Explanation)

   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 borrowings

   4.Excess of Total Expenditure over Total Receipts less borrowings and Interest Payments

   aA-3, B-1, C-2, D-4bA-4, B-3, C-2, D-1cA-1, B-3, C-2, D-4dA-3, B-1, C-4, D-2
5. Prelims 1999Q100Fiscal Policy & Budget

   Assertion (A): Fiscal deficit is greater than budgetary deficit.

   Reason (R): Fiscal deficit is the borrowings from the Reserve Bank of India plus other liabilities of the Government to meet its expenditure.

   aBoth A and R are true, and R is the correct explanation of AbBoth A and R are true, but R is not a correct explanation of AcA is true, but R is falsedA is false, but R is true
6. Prelims 1998Q97Fiscal Policy & Budget

   Economic Survey in India is published officially, every year by the

   aReserve Bank of IndiabPlanning Commission of IndiacMinistry of Finance, Government of IndiadMinistry of Industries, Government of India
7. Prelims 1997Q97Fiscal Policy & Budget

   Which of the following come under Non-plan expenditure?

   I.Subsidies

   II.Interest payments

   III.Defence expenditure

   IV.Maintenance expenditure for the infrastructure created in the previous plans

   Choose the correct answer using the codes given below:

   Codes:

   aI and IIbI and IIIcII and IVdI, II, III and IV
8. Prelims 1996Q2Fiscal Policy & Budget

   A redistribution of income in a country can be best brought about through

   aprogressive taxation combined with progressive expenditurebprogressive taxation combined with regressive expenditurecregressive taxation combined with regressive expendituredregressive taxation combined with progressive expenditure
9. Prelims 1995Q31Fiscal Policy & Budget

   Which of the following are among the non-plan expenditures of the Government of India?

   I.Defence expenditure

   II.Subsidies

   III.All expenditures linked with the previous plan periods

   IV.Interest payment

   Choose the correct answer from the codes given below:

   aI and IIbI and IIIcII and IVdI, II, III and IV