Budget & Public Finance MCQs for Rajasthan SI
Practice 20 free Budget & Public Finance questions under Indian Economy — Economy.
Strengthen your Budget & Public Finance knowledge for Rajasthan SI with curated MCQs. Switch between Hindi and English anytime.
Rajasthan SI — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Assertion (A): Budgeting is an administrative tool. Reason (R): It helps in resource allocation and planning. Select the correct answer:
Question 2 of 20
Which of the following is NOT a criterion in 16th Finance Commission (as per preview)?
Question 3 of 20
Consider the following statements regarding Budget as an instrument: 1. It reflects government priorities. 2. It is purely a theoretical document. 3. It guides fiscal policy implementation. Which of the above is/are correct?
Question 4 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 5 of 20
ERD is calculated by subtracting which item from Revenue Deficit?
Question 6 of 20
Which of the following is a correct classification based on impact on assets and liabilities?
Question 7 of 20
Which deficit reflects only current year fiscal imbalance excluding past liabilities?
Question 8 of 20
Which of the following statements is correct about GST rates in India?
Question 9 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 10 of 20
Which of the following would be classified as both non-recurring and asset-reducing?
Question 11 of 20
Which of the following best explains ‘Revenue Deficit’?
Question 12 of 20
Which of the following best explains 'crowding out'?
Question 13 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 14 of 20
Which of the following best explains the term ‘tax cascading’ that GST aimed to eliminate?
Question 15 of 20
Which of the following combinations is correctly matched with Rajasthan 2026–27 BE values mentioned in the material?
Question 16 of 20
Match List-I with List-II: List-I (Article) A. Article 112 B. Article 202 C. Article 266 D. Article 267 List-II (Provision) I. Contingency Fund II. Union Budget / Annual Financial Statement III. Consolidated Fund and Public Account IV. State Budget / Annual Financial Statement
Question 17 of 20
Which deficit is most directly responsible for crowding out effect?
Question 18 of 20
Which of the following statements is incorrect regarding Rajasthan FRBM Act 2005?
Question 19 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 20 of 20