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UPSC EPFO: Indian Economy Quiz 9

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Question 1

With reference to Budget in India, consider the following statements:

1) Article 112 defines Budget or Annual financial statement as a statement of estimated receipts and expenditure of the Government of India has to be laid before Parliament in respect of every financial year.

2) Department is Revenue is entrusted with the responsibility of preparation and presentation of Union Budget.

Which of the statements given above is/are correct?

Question 2

Consider the following:

1) Transfer payment

2) Goods produced for self-consumption

3) Windfall gains

4) Work done by housewives

5) Estimated rent of the self-occupied property

Which of the items given above are not included while estimating the National income?

Question 3

In case of India, usually GDP is greater than GNP because of which of the following?

Question 4

The base year for Index of Industrial production in India is

Question 5

Which one of the following programmes was initiated during the Sixth Five-Year Plan?
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Jun 2Other State PSC