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RAS — Budget & Public Finance MCQs

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

Master Budget & Public Finance under Indian Economy for RAS with our curated MCQ set. Every question follows real Rajasthan exam patterns. 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

Which of the following situations will increase Revenue Deficit?

Question 2 of 20

Which of the following statements best differentiates Public Finance from Private Finance?

Question 3 of 20

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

Question 4 of 20

Which of the following statements best explains the concept of Effective Revenue Deficit (ERD)?

Question 5 of 20

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

Question 6 of 20

Which of the following is a key objective of GST implementation?

Question 7 of 20

Which of the following combinations indicates the worst fiscal situation?

Question 8 of 20

Assertion (A): Budgeting is an administrative tool. Reason (R): It helps in resource allocation and planning. Select the correct answer:

Question 9 of 20

Which of the following is NOT included in Public Account?

Question 10 of 20

Which fund deals with unforeseen expenditures?

Question 11 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 12 of 20

Which one of the following statements is most appropriate regarding a high Revenue Deficit?

Question 13 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 14 of 20

Higher Capital Outlay leads to which of the following effects?

Question 15 of 20

Which of the following correctly describes 'non-rival' goods?

Question 16 of 20

Which of the following best describes 'Committed Expenditure'?

Question 17 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 18 of 20

Which of the following reflects better fiscal prudence?

Question 19 of 20

Which constitutional article mandates that no tax shall be levied or collected except by authority of law?

Question 20 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.

More Indian Economy Subtopics

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