Economic Survey & Budget 2019 Questions Part-4

Legacy Dispute Resolution Scheme which is proposed in Union Budget 2019-20 is related to?

Which of the following statements are not correct with regard to India’s contribution to Global economy?

Which of the following pairs are correct?

Budget Deficit

1) Fiscal deficit

2) Primary Deficit

3) Revenue deficit

Definition

A) Total Expenditure – Total receipts excluding borrowings

B) Fiscal deficit – Interest payments

C) Total revenue expenditure – Total revenue receipts

Choose the correct option:

Which of the following statements is not correct regarding to service exports in India?

Consider the following statements about Tax Revenue

1) 51% of the Gross tax Revenue (GTR) is accrued from Direct Taxes

2) GST hold the highest share in the composition of Gross Tax revenue in 2018-19 (PA)

3) Tax to GDP ratio is around 20% in 2017-18

Which of the above statements are correct?

Consider the following statements:

1. The outlay for defence and pensions (apart from interest payments) formed the bulk of the budget expenditure in FY21.

2. Defence’s share in total expenditure came down by -1.1% points from last year.

Which of the statements given above is/are correct?

Which of the following best describes the word “Public Debt”?

“Make-II Procedure” initiative is related to which of the following sector in India?

Consider the following statements

1) Transfer of funds to states from centre essentially consists of 3 components

2) Transfer of funds to states as percentage of GDP is 6.3 % in 2017-18

3) Devolution of taxes to states as share holds the highest weightage among its components

Which of the above statements are correct?

Match List I with List II and select the correct answer by using the codes given below the lists:

Monetary Policy tools

1) Repo rate

2) Reverse Repo

3) Bank Rate

4) CRR

Definitions

A) Bill of discount in which RBI lends to banks

B) Rate at which RBI lends to banks

C) Rate at which RBI borrows from banks

D) Share of Bank’s total deposit to be kept with RBI

Codes: