QUESTIONS OF PUBLIC FINANCE ABOUT FLEXIBLE BUDGET , PUBLIC DEBT AND PUBLIC EXPENDITURE

QUESTIONS OF PUBLIC FINANCE ABOUT FLEXIBLE BUDGET , PUBLIC DEBT AND PUBLIC EXPENDITURE:-
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1. “The Indian economy is in crisis, while growth rate has declining ..,the issue gets simplified against the       back drop of slowing economy high fiscal deficit and persistent inflation.”

Which organization said this types of sentence ?

(i) NSSO               (II)NCAER            (iii)IMF                 (iv)WTO

2.     Which is not explain the reasons for the variance between actual budget and planned budget .

                (i) Fiscal report  (ii) Budget report  (iii) Monetary report  (iv) Census report

3. Which are the favourable budgetary report?

                (A) Net income is greater than budgetary net income

                (B) Revenues is greater than expected income

                (C) Revenues is less than budgeted cost

                (D) Actual net income is less than planned income

                (i) Only A             (ii) Both A,B,C   (iii) Both A,C      (iv) All of the above

4. Fiscal deficit-Interest pament= ?

                (i) Primary defict             (ii) revenue deficit         (iii) Fiscal deficit                           (iv)  Primary fiscal deficit

5. Fiscal deficit is equal to ……

                (A) It is the excess of total expenditure over revenue receipt and grants

                (B) It is the difference between revenue receipts and revenue expenditure

                (C) It is the difference between total expenditure and total receipts

                (D) The budget deficits plus govt. borrowing and other liabilities.

                (i) Only A             (ii) Both A & B   (iii) Both A & D  (iv) Both A,C,D

6. Which one is different from others

                (A) Payment interest     (B) Tax evasion                 (c) Huge borrowing         (D) High interest rate

                (i) Only C             (ii) Only D           (iii) Both A,B,C  (iv) None

7. Fiscal crisis affects economic growth but it affects to whom firstly  ?

                (i) Capital formation      (ii) Inflation       (iii) Economic development       (iv) None

8. In which purpose fiscal reforms helps to India ?

                (i) Raise the rate of saving           (ii) Raise investment    

(iii) Decline in investment          (iv) Decline the rate of saving

9. Which of the following helps to accelerate economic growth and ensure economic stability .

                (i) Public debt   (ii) Public expenditure  (iii) Fiscal sector reforms             (iv) None

10. What is the relationship between capital expenditure and productive capacity of the economy .

                (i) Positive          (i) Negative        (iii) All negative               (iv) None

11. What was the internal debt in 2008-2010 .

                (i) 35.8%              (ii) 40.4%             (iii) 2.1%              (iv) 13.4%

12. Public debt means money burden, but which public debt has no direct money burden ?

                (i) Short term debt          (ii) Internal debt              (iii) External debt            (iv) Long term debt

13. Deposit scheme is an example of which type of debt ?

                (i) Voluntary debt           (ii) Redeemable debt    (iii) Compulsory debt    (iv) All

14. What is the other name of the floating debt ?

                (i) Funded debt                (ii) Unfunded debt          (iii) Productive debt       (iv) Unproductive debt

15. Match the following …

                1. Tresury Bills                                  A. Fiscal reforms

                2. Gov.  borrowing process          B. Public expenditure

                3. Provision for public health     C. Public debt

                4. Different level of activity        D. Flexible budget

                (i) 1A,2B,3C,4D                  (ii) 1C,2A,3B,4D                (iii) 1C,2D,3B,4A               (iv) 1D,2B,3C,4A

16. What is the meaning of  CAS ?

                (i) Current account strategy        (ii) Country assistance strategy

                (iii) Country account system       (iv) None

17. What stands for  ISSAI ?

                (i) International State Stock Authority of India

                (ii) International Standards of Supreme Audit Institutions

                (ii) International Survey System Authority of India

                (iv)  None

18. Find out the odd one

                (i) Increase in subsidy   (ii) Debt trap      (iii) Payment of interest               (iv) Excessive govt. borrowing

19. Which is the burden of the external debt ?

                (i) Effect of private debt                               (ii) Problem of debt trap             

                (iii)Inflation                                       (iv) Effect on social development

20.  What is the maturity period for Treasury bill ?

                (A)3.1 month     (B) 181 days        (C) 364 days        (D) 92 days

                (i) Only A             (ii) Both A,B,C   (iii) Both B,C,D  (iv) Both A,B,D