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MCQs on Indian Fiscal System ( Part II )
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Indian Economy

Arijit Basu Chowdhury
Graduate in History from St.Paul’s Cathedral Mission College.My Philosophy is Being Basic and Being simple and show actually what you are 😊

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  1. ECONOMICS Indian Fiscal System ARIJIT BASU CHOWDHURY Target WBCS(EXECUTIVE)


  2. About Me Graduate in History from St.Paul's Cathedral Mission College, Kolkata Interests: Fitness, Current Affairs ,Burning Issues, Music, News Analysis . You can follow me on UNACADEMY https:/lunacademy.com/userlArijitBasuChowdhury Life has two rules: 1) Never quit. 2) Always remember Rule #1 . Rate, Review & Recommend


  3. MCQs on Indian Fiscal System 1. Fiscal Responsibility and Budget Management Act (FRBMA) ACT 2003 concerns a) Fiscal deficit only c) Both fiscal and revenue deficit d) Neither fiscal nor revenue deficit 2. What are the two main attributes 3T of a formal organization? a) Eastern and prestige c) Dominance and supremacy d) Rules and regulations 3. Which is correct with respect to the following? If the price of an inferior good falls, its demand : a) Rises b) Falls c) Remains constant d) None of these b) Revenue deficit only b) Role and duties


  4. MCQs on Indian Fiscal System 4. The existence of a Parallel Economy or Black Money a) Makes the economy more competitive b) Makes the monetary policies less effective c) Ensures a better distribution of income and wealth d) Ensures increasing productive investment 5. The cause of low per capita income in India is a) Of population growth c) More people are in rural areas d) Of regional imbalance 6. Which among the following formulates fiscal policy ? a) RBl b) Finance Ministry c) President d) SEB b) Of price rise


  5. MCQs on Indian Fiscal System 7. Dear Money Policy relates to a) High price level b) Large money supply c) High production d) High interest rate 8. Companies pay Corporation lax on their a) Investment b) Production c) Sales proceeds d) Incomes 9. The term 'Balanced Growth' refers to a) Growth which brings about a balance between the owner and employee b) Growth which brings about a balance between the public and education sectors c) Growth which brings about a balance between the traditional and modern sector d) Growth pattern on which simultaneous investments are made in all the sectors of the economy, viz. Agriculture, Industry, Transport, Communication


  6. MCQs on Indian Fiscal System 10. Which of the following indicates the progress of a country ? a) Growth of GNP c) Reduction in inequalities d) Growth of per capital income b) Reduction of unemployment 11. The term 'Invisible trade' refers to the trade: a) of government with public institutions b) of government with other countries c) of the non-tangible services like the customer service, bank, marine, Education companies and shipping companies d) of corporate and financial institutions with government


  7. MCQs on Indian Fiscal System 12. Buyer's market is a situation where: a) The supply exceeds the demand b) The demand exceeds the supply c) The demand and supply are well balanced d) None of these


  8. MCQs on Indian Fiscal System 1. c) Both fiscal and revenue deficit 2. d) Rules and regulations 3. C) Remains constant 4. b) Makes the monetary policies less effective 5. a) Of population growth 6. b) Finance Ministry 7. d) High interest rate 8. d) Incomes 9. d) Growth pattern on which simultaneous investments are made in all the sectors of the economy, viz. Agriculture, Industry, Transport, Communication 10. a) Growth of GNP


  9. MCQs on Indian Fiscal System 11. c) of the non-tangible services like the customer service, bank, marine, Education companies and shipping companies 12. a) The supply exceeds the demand