Budget & Public Finance MCQs for Patwari
Practice 20 free budget & public finance multiple choice questions for Patwari exam. Instant answers, explanations in Hindi and English, and topic-wise targeted practice.
Master Budget & Public Finance under Indian Economy for Patwari 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.
Patwari — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 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 2 of 20
Consider the following statements regarding Primary Deficit: 1. It ignores past debt obligations. 2. It is always lower than fiscal deficit. 3. It can be negative. Which are correct?
Question 3 of 20
Consider the following: 1. High fiscal deficit leads to inflation. 2. It crowds out private investment. 3. It improves savings rate. Which are correct?
Question 4 of 20
A government has a fiscal deficit of ₹80,000 crore and interest payments of ₹20,000 crore. Its primary deficit will be:
Question 5 of 20
Consider the following statements regarding ERD: 1. It improves quality of fiscal analysis. 2. It treats some revenue expenditure as productive. 3. It eliminates fiscal deficit. Which are correct?
Question 6 of 20
Consider the following statements regarding Rajasthan FRBM Act 2005: 1. It focuses on fiscal discipline. 2. It mandates elimination of revenue deficit. 3. It encourages unproductive borrowing. Which are correct?
Question 7 of 20
Which constitutional article mandates that no tax shall be levied or collected except by authority of law?
Question 8 of 20
Which of the following statements is correct about Revenue Expenditure? 1. It is recurring in nature 2. It creates assets 3. It is used for day-to-day administration
Question 9 of 20
Which of the following best captures the risk of persistent high fiscal deficit?
Question 10 of 20
Which of the following statements about Capital Expenditure is correct?
Question 11 of 20
Consider the following statements regarding Primary Deficit: 1. It is equal to Fiscal Deficit minus Interest Payments. 2. It shows current year's deficit excluding past debt servicing burden. 3. A zero primary deficit means there is no fiscal deficit. Which of the above are correct?
Question 12 of 20
Which of the following is an example of Revenue Expenditure?
Question 13 of 20
Which of the following statements is correct regarding IGST revenue distribution?
Question 14 of 20
Which of the following correctly differentiates intra-state and inter-state supply?
Question 15 of 20
Which type of expenditure is considered productive and non-recurring?
Question 16 of 20
Which of the following statements is incorrect regarding Rajasthan FRBM Act 2005?
Question 17 of 20
ERD is calculated by subtracting which item from Revenue Deficit?
Question 18 of 20
Assertion (A): Effective Revenue Deficit is always less than Revenue Deficit. Reason (R): ERD excludes certain components of revenue expenditure.
Question 19 of 20
Consider the following: 1. Fiscal deficit includes borrowings. 2. Revenue deficit includes capital expenditure. Which is/are correct?
Question 20 of 20