Quiz | Jatin Verma’s IAS Academy
Correct Incorrect Unattempted
Q1

With reference to government budgeting, which of the following is/are redistribution?

1. Providing gas subsidies.

2. Establishing a public park to reduce air pollution.

3. Collecting income tax.

Select the correct answer using the code given below:

Q2

Consider the following statements:

1. In the case of public goods, there is no feasible way of excluding anyone from enjoying the benefits of the good.

2. Public goods are always produced directly by the government.

Which of the statements given above is/are correct?

Q3

Which of the following is/are non-redeemable?

1. Government securities

2. Indirect taxes

3. Non-tax revenues

Select the correct answer using the code given below:

Q4

Consider the following statements:

1. Disinvestment of Public Sector Undertakings increases the total amount of financial assets of the government by infusing fresh liquid assets.

2. Capital receipts help the government in reducing liabilities.

Which of the statements given above is/are correct?

Q5

Which of the following is/are revenue expenditure?

1. Interest payments on debt incurred by the government.

2. Grants given to state governments.

3. Salary paid to the revenue officers.

Select the correct answer using the code given below:

Q6

With reference to government financing, the Net borrowing at home includes

1. Small savings schemes

2. Statutory Liquidity Ratio

3. Money received through the disinvestment of PSU.

Select the correct answer using the code given below:

Q7

With reference to Balance of Trade (BOT), consider the following statements:

1. It is the difference between the value of exports and value of imports of goods of a country in a given period of time.

2. The export of goods is entered as a debit item whereas the import of goods is entered as a credit item in BOT.

Which of the statements given above is/are correct?

Q8

Consider the following statements:

1. The capital account records all international purchases and sales of assets such as money, stocks, bonds, etc.

2. Interest income received periodically from a foreigner on a loan is an example of capital account transactions.

Which of the statements given above is/are correct?

Q1.

With reference to government budgeting, which of the following is/are redistribution?

1. Providing gas subsidies.

2. Establishing a public park to reduce air pollution.

3. Collecting income tax.

Select the correct answer using the code given below:

a) 1 only
b) 2 and 3 only
c) 3 only
d) 1 and 3 only
Q2.

Consider the following statements:

1. In the case of public goods, there is no feasible way of excluding anyone from enjoying the benefits of the good.

2. Public goods are always produced directly by the government.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q3.

Which of the following is/are non-redeemable?

1. Government securities

2. Indirect taxes

3. Non-tax revenues

Select the correct answer using the code given below:

a) 2 and 3 only
b) 1 only
c) 3 only
d) 2 and 3 only
Q4.

Consider the following statements:

1. Disinvestment of Public Sector Undertakings increases the total amount of financial assets of the government by infusing fresh liquid assets.

2. Capital receipts help the government in reducing liabilities.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q5.

Which of the following is/are revenue expenditure?

1. Interest payments on debt incurred by the government.

2. Grants given to state governments.

3. Salary paid to the revenue officers.

Select the correct answer using the code given below:

a) 3 only
b) 1 and 2 only
c) 2 and 3 only
d) 1, 2 and 3
Q6.

With reference to government financing, the Net borrowing at home includes

1. Small savings schemes

2. Statutory Liquidity Ratio

3. Money received through the disinvestment of PSU.

Select the correct answer using the code given below:

a) 2 only
b) 1 and 2 only
c) 1, 2 and 3
d) None of the above
Q7.

With reference to Balance of Trade (BOT), consider the following statements:

1. It is the difference between the value of exports and value of imports of goods of a country in a given period of time.

2. The export of goods is entered as a debit item whereas the import of goods is entered as a credit item in BOT.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q8.

Consider the following statements:

1. The capital account records all international purchases and sales of assets such as money, stocks, bonds, etc.

2. Interest income received periodically from a foreigner on a loan is an example of capital account transactions.

Which of the statements given above is/are correct?

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2