Budget & Public Finance MCQs for LDC
Practice 20 free budget & public finance multiple choice questions for LDC exam. Instant answers, explanations in Hindi and English, and topic-wise targeted practice.
Master Budget & Public Finance under Indian Economy for LDC 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.
LDC — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Which of the following correctly explains the nature of Revenue Deficit in public finance?
Question 2 of 20
Primary Deficit becomes zero when:
Question 3 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 4 of 20
Which one of the following statements is most appropriate regarding a high Revenue Deficit?
Question 5 of 20
Which of the following best explains the basis of classification of government receipts?
Question 6 of 20
Which of the following is an example of Revenue Expenditure?
Question 7 of 20
Match the following: List I (Receipts) – List II (Feature) A. Revenue Receipts – i. Create liability B. Capital Receipts – ii. Non-recurring C. Revenue Receipts – iii. Recurring D. Capital Receipts – iv. Reduce assets Choose correct code:
Question 8 of 20
Which of the following correctly matches the deficit with its formula?
Question 9 of 20
Which of the following is NOT a feature of Revenue Receipts?
Question 10 of 20
Which of the following is a Capital Receipt?
Question 11 of 20
Which statement is incorrect regarding Fiscal Deficit?
Question 12 of 20
Which of the following situations will increase Revenue Deficit?
Question 13 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 14 of 20
Which of the following statements is incorrect regarding 15th Finance Commission?
Question 15 of 20
Consider the following statements regarding Debt-to-GDP ratio targets under FRBM framework: 1. N.K. Singh Committee recommended 60% combined debt. 2. Centre’s share in debt was proposed as 40%. 3. States’ share was proposed as 30%. Which of the statements given above is/are correct?
Question 16 of 20
Which of the following best explains the term ‘tax cascading’ that GST aimed to eliminate?
Question 17 of 20
If a question asks which fiscal indicator best captures 'fresh borrowing needs excluding interest', the correct answer would be:
Question 18 of 20
Which expenditure creates assets or reduces liabilities?
Question 19 of 20
Which of the following is NOT correctly matched regarding GST components?
Question 20 of 20