Budget & Public Finance MCQs for LDC
Practice 20 free Budget & Public Finance questions under Indian Economy — Economy.
Strengthen your Budget & Public Finance knowledge for LDC with curated MCQs. Switch between Hindi and English anytime.
LDC — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
If a question asks which fiscal indicator best captures 'fresh borrowing needs excluding interest', the correct answer would be:
Question 2 of 20
Which of the following is a 'Charged Expenditure'?
Question 3 of 20
Assertion (A): A high Revenue Deficit indicates poor fiscal quality. Reason (R): It implies borrowing for consumption expenditure rather than asset creation.
Question 4 of 20
Which of the following is correct regarding Charged Expenditure under Articles 113/203?
Question 5 of 20
Which of the following statements is correct regarding ‘Vertical Devolution’?
Question 6 of 20
Which of the following criteria received highest weightage in 15th Finance Commission?
Question 7 of 20
Which of the following is a correct classification based on impact on assets and liabilities?
Question 8 of 20
Which of the following best explains the term ‘tax cascading’ that GST aimed to eliminate?
Question 9 of 20
Which of the following best describes a situation of 'crowding out'?
Question 10 of 20
Which of the following best explains the difference in 'Purpose' between Revenue and Capital Receipts?
Question 11 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 12 of 20
Higher Capital Outlay leads to which of the following effects?
Question 13 of 20
Which of the following statements about the Finance Commission is/are correct? 1. It is provided under Article 280. 2. It recommends distribution of financial resources between Centre and States. 3. It is a quasi-judicial body. Select the correct answer using the codes below.
Question 14 of 20
Which of the following best explains the role of government in public finance?
Question 15 of 20
Which statement is incorrect regarding Fiscal Deficit?
Question 16 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 17 of 20
Which is NOT part of Fiscal Deficit calculation?
Question 18 of 20
Which of the following situations may NOT necessarily worsen fiscal deficit?
Question 19 of 20
Which of the following correctly distinguishes between Revenue Receipts and Capital Receipts?
Question 20 of 20