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Patwari — Budget & Public Finance MCQs

Practice 20 free budget & public finance multiple choice questions for Patwari exam. Instant answers with explanations in Hindi and English.

Master Budget & Public Finance under Indian Economy for Patwari with our curated MCQ set. Every question follows real Rajasthan exam patterns. Switch between Hindi and English anytime.

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 is correct regarding ‘Vertical Devolution’?

Question 2 of 20

Which of the following sectors significantly contribute to GST revenue in Rajasthan?

Question 3 of 20

Consider the following statements regarding Capital Receipts: 1. They are non-recurring in nature. 2. They always increase assets. 3. They may create liabilities. Which of the above is/are correct?

Question 4 of 20

Which of the following correctly defines Public Finance in terms of its core objective?

Question 5 of 20

Consider the following statements regarding Revenue Deficit: 1. It necessarily implies decline in capital formation. 2. It may lead to inter-generational burden. 3. It always results in fiscal deficit of equal magnitude. Which of the above are correct?

Question 6 of 20

Which statement is most appropriate regarding Article 266?

Question 7 of 20

Which of the following best explains ‘tax buoyancy’ in public finance?

Question 8 of 20

Match the following: List-I (Deficit) A. Revenue Deficit B. Fiscal Deficit C. Primary Deficit D. ERD List-II (Feature) I. Excludes interest II. Excludes capital grants III. Borrowing requirement IV. Current consumption gap

Question 9 of 20

Which of the following statements is correct about the Appropriation Bill?

Question 10 of 20

In the context of Rajasthan, the Governor causes the Annual Financial Statement to be laid before the State Legislature under:

Question 11 of 20

Which of the following is NOT a correct implication of high fiscal deficit?

Question 12 of 20

Which of the following best captures the purpose behind introducing Effective Revenue Deficit (ERD)?

Question 13 of 20

Which of the following is the most misleading indicator of fiscal health if used alone?

Question 14 of 20

Assertion (A): Zero Primary Deficit indicates sound fiscal health. Reason (R): It implies government is not borrowing at all.

Question 15 of 20

Which of the following is a correct classification based on impact on assets and liabilities?

Question 16 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 17 of 20

Which of the following correctly matches the deficit with its formula?

Question 18 of 20

Which of the following is the best distinction between Consolidated Fund and Public Account in the budget framework?

Question 19 of 20

Which of the following is most appropriate regarding Contingency Fund?

Question 20 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:

More Indian Economy Subtopics

Practice other subtopics under Indian Economy to strengthen your Patwari preparation.