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Fiscal System Of India Quiz 5 (25 MCQs)

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1. Which one of the following is the updated base for Wholesale Price Index (WPI) ? [Corporation Bank PO 2011]
2. Which of the following is fiscal Measure to controll inflation in India?
3. Consider the following statements regarding plan and non-plan expenditure1.Plan expenditure is believed to be under the discretion of the central government, whereas non-plan expenditure is not part of discretion of the central government2.The distinction between plan and non-plan expenditures has been eliminated from Budget 2017-18 onwards.Which of the statements given above is/are correct?
4. Gross National Product is less than Gross Domestic Product depending upon whether:
5. Which among the following is the regulatory authority for giving clearance for External Commercial borrowing?
6. Which of the following is poorest state in India?
7. Who is the chairman of 13th Finance Commission?
8. Which one of the following statements appropriately describes the "fiscal stimulus" ?
9. Gross National Product at market prices is defined as : [CPO AC 2003]
10. After the initiation of economic reforms in 1991-92 the percentage share of: [CDS 1999]
11. Which of the following is not part of state tax?
12. The rate of growth of per capita income is equal to:
13. Which one among the following is not a component of fiscal policy? [Asstt Commdt 2011]
14. 'Balanced Growth' means:
15. National income of India is compiled by:
16. Fiscal deficit in the union budget is equal to
17. Which one of the following statements appropriately describes the "fiscal stimulus"? [CSAT 2011]
18. Among the structural changes which of the following is not wholly welcome?
19. The per capita income is obtained by:
20. What is meant by 'Underwriting', the term frequently used in financial sector? [Punjab & Sindh Bank 2011]
21. What is 'Recession'?
22. Companies pay Corporation Tax on their: [UDC 1993]
23. Which of the following is an objective of fiscal policy
24. Fiscal consolidation is one of the objectives of India's economic policy. Which of the following would help in fiscal consolidation?1. increasing taxes2.getting more loans3.reducing subsidiesSelect the correct answer using the codes given below.
25. An advalorem duty is a tax on the basis of: [IAS 1988]
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