Budget & Public Finance MCQs for CET 12th Level
Practice 20 free budget & public finance multiple choice questions for CET 12th Level exam. Instant answers, explanations in Hindi and English, and topic-wise targeted practice.
Master Budget & Public Finance under Indian Economy for CET 12th Level with our curated MCQ set. Every question is sourced from real Rajasthan exam patterns and updated regularly. Switch between Hindi and English anytime. Use this daily to strengthen weak areas before the exam.
CET 12th Level — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Which of the following combinations indicates the worst fiscal situation?
Question 2 of 20
Assertion (A): GST Council is a constitutional body. Reason (R): It was created under Article 279A of the Constitution. Select the correct answer:
Question 3 of 20
Which of the following best captures the risk of persistent high fiscal deficit?
Question 4 of 20
Which of the following correctly defines Public Finance in terms of its core objective?
Question 5 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 6 of 20
Assertion (A): IGST ensures seamless flow of input tax credit across states. Reason (R): IGST is levied only by state governments. Select correct answer:
Question 7 of 20
Which of the following correctly defines 'Annual Financial Statement'?
Question 8 of 20
Which of the following will NOT affect Revenue Deficit?
Question 9 of 20
Which of the following best explains ‘Revenue Deficit’?
Question 10 of 20
Consider the following statements regarding GST rate structure in India: 1. IGST rate is equal to sum of CGST and SGST. 2. CGST and SGST are levied equally on intra-state supply. 3. IGST is lower than CGST+SGST combined. Which of the above is/are correct?
Question 11 of 20
Which of the following best describes 'Non-excludable' goods?
Question 12 of 20
Which of the following is a 'Charged Expenditure'?
Question 13 of 20
Which of the following statements about Capital Expenditure is correct?
Question 14 of 20
Which of the following correctly distinguishes between Revenue Receipts and Capital Receipts?
Question 15 of 20
Which scenario reflects improvement in fiscal quality?
Question 16 of 20
Which is NOT part of Fiscal Deficit calculation?
Question 17 of 20
Which of the following best explains the basis of classification of government receipts?
Question 18 of 20
Which of the following best explains 'Multiplier Effect' of capital expenditure?
Question 19 of 20
Which of the following documents are mandatorily presented under FRBM Act? 1. Macro-Economic Framework Statement 2. Medium-Term Fiscal Policy Statement 3. Demand for Grants Select correct answer:
Question 20 of 20