Budget & Public Finance MCQs for CET 12th Level
Practice 20 free Budget & Public Finance questions under Indian Economy — Economy.
Strengthen your Budget & Public Finance knowledge for CET 12th Level with curated MCQs. Switch between Hindi and English anytime.
CET 12th Level — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
0 / 20
Question 1 of 20
Which of the following best captures the risk of persistent high fiscal deficit?
Question 2 of 20
Which of the following is NOT a component of Public Finance?
Question 3 of 20
Budget in India operates for which time period?
Question 4 of 20
Consider the following regarding Article 267: 1. It provides for Contingency Fund. 2. It is operated by executive authority. 3. It requires prior legislative approval for every withdrawal. Which are correct?
Question 5 of 20
Which of the following statements is correct regarding IGST revenue distribution?
Question 6 of 20
Arrange the following fiscal targets as per FRBM framework: 1. Debt-to-GDP ratio 2. Fiscal deficit 3. Revenue deficit elimination Select correct order of policy priority:
Question 7 of 20
Which of the following statements best reflects the regressive nature of indirect taxes?
Question 8 of 20
Consider the following criteria used in Finance Commission devolution: 1. Income distance 2. Area 3. Forest & Ecology 4. Tax effort Which of the above are included?
Question 9 of 20
Assertion (A): Market failure justifies government intervention. Reason (R): Private sector fails to provide non-excludable and non-rival goods efficiently. Select the correct answer:
Question 10 of 20
Which of the following statements is incorrect regarding 15th Finance Commission?
Question 11 of 20
Consider the following statements regarding direct taxes in India: 1. Income tax follows a progressive structure. 2. Corporate tax rates are uniform for all companies. 3. Direct taxes cannot be shifted to others. Which of the above is/are correct?
Question 12 of 20
Which of the following correctly defines Public Finance in terms of its core objective?
Question 13 of 20
Public Finance primarily deals with which of the following mechanisms?
Question 14 of 20
Match the following: List-I (Deficit) | List-II (Meaning) A. RD | i. Borrowing requirement B. FD | ii. Routine gap C. PD | iii. Excluding interest
Question 15 of 20
Which of the following situations indicates reallocation of resources by government?
Question 16 of 20
Which statement is incorrect regarding Fiscal Deficit?
Question 17 of 20
Assertion (A): Effective Revenue Deficit is always less than Revenue Deficit. Reason (R): ERD excludes certain components of revenue expenditure.
Question 18 of 20
Arrange the following in correct sequence of government financial mechanism: 1. Public Revenue 2. Public Expenditure 3. Fiscal Policy 4. Budgeting System
Question 19 of 20
Which of the following statements about Capital Expenditure is correct?
Question 20 of 20