CET 12th Level — Budget & Public Finance MCQs
Practice 20 free budget & public finance multiple choice questions for CET 12th Level exam. Instant answers with explanations in Hindi and English.
Master Budget & Public Finance under Indian Economy for CET 12th Level with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.
CET 12th Level — Indian Economy — Budget & Public Finance
20 Questions • Instant results & explanations • Hindi & English
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Question 1 of 20
Higher Capital Outlay leads to which of the following effects?
Question 2 of 20
Assertion (A): Public Account transactions do not require parliamentary approval. Reason (R): These funds belong to the government.
Question 3 of 20
Which of the following reflects better fiscal prudence?
Question 4 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 5 of 20
Which of the following best explains ‘Revenue Deficit’?
Question 6 of 20
Which of the following correctly defines Public Finance in terms of its core objective?
Question 7 of 20
Which of the following best captures the risk of persistent high fiscal deficit?
Question 8 of 20
Assertion (A): Public goods lead to market failure. Reason (R): They are non-excludable and non-rival. Select correct answer:
Question 9 of 20
Which of the following is NOT included in Public Account?
Question 10 of 20
Finance Commission is constituted under which article?
Question 11 of 20
Which of the following combinations is correctly matched with Rajasthan 2026–27 BE values mentioned in the material?
Question 12 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 13 of 20
Which of the following criteria received highest weightage in 15th Finance Commission?
Question 14 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 15 of 20
Primary Deficit becomes zero when:
Question 16 of 20
Which of the following is included under Non-Tax Revenue in Rajasthan context?
Question 17 of 20
Which of the following best explains the difference in 'Purpose' between Revenue and Capital Receipts?
Question 18 of 20
Which combination is correct? 1. Article 112 – Union Budget 2. Article 202 – State Budget 3. Article 280 – Finance Commission
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
Which of the following situations indicates reallocation of resources by government?
More Indian Economy Subtopics
Practice other subtopics under Indian Economy to strengthen your CET 12th Level preparation.