Budget & Public Finance MCQs for RAS
Practice 20 free Budget & Public Finance questions under Indian Economy — Economy.
Strengthen your Budget & Public Finance knowledge for RAS with curated MCQs. Switch between Hindi and English anytime.
RAS — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Match the following: List-I (Criterion) A. Income Distance B. Area C. Forest & Ecology D. Tax Effort List-II (Purpose) 1. Reward environmental conservation 2. Promote equity 3. Encourage tax collection efficiency 4. Compensate large geographical size
Question 2 of 20
Which of the following is a correct example of Revenue Receipt but NOT tax revenue?
Question 3 of 20
Assertion (A): FRBM Act promotes macroeconomic stability. Reason (R): It limits fiscal deficit and government borrowing. Select correct answer:
Question 4 of 20
Which of the following would be classified as both non-recurring and asset-reducing?
Question 5 of 20
Which of the following statements about 15th Finance Commission is correct?
Question 6 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 7 of 20
Which of the following best describes the dual GST model in India?
Question 8 of 20
Which of the following is the most appropriate inference if Primary Deficit is negative?
Question 9 of 20
Consider the following statements regarding Budget: 1. It is called Annual Financial Statement in Constitution. 2. It covers a period from January to December. 3. It acts as a financial blueprint of government. Which of the above is/are correct?
Question 10 of 20
Which of the following statements is correct regarding IGST revenue distribution?
Question 11 of 20
Assertion (A): Effective Revenue Deficit is always less than Revenue Deficit. Reason (R): ERD excludes certain components of revenue expenditure.
Question 12 of 20
Which of the following are examples of public goods? 1. Street lights 2. National defense 3. Private cars Select the correct answer:
Question 13 of 20
Which of the following situations may NOT necessarily worsen fiscal deficit?
Question 14 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 15 of 20
Which of the following statements best reflects the regressive nature of indirect taxes?
Question 16 of 20
Which of the following situations best reflects a 'hidden deterioration' in fiscal quality?
Question 17 of 20
Assertion (A): Income distance criterion favors poorer states. Reason (R): It allocates higher share to states with lower per capita income. Select correct answer:
Question 18 of 20
Consider the following statements regarding Fiscal Deficit: 1. It represents excess of total expenditure over total receipts excluding borrowings. 2. It directly measures inflation. 3. It indicates future tax burden. Which of the above are correct?
Question 19 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 20 of 20