1. A larger part of the fiscal deficit in the Union Budgets is filled by

2. With reference to the Indian Public Finance, consider the following statements.
1. External liabilities reported in the Union Budget are based on historical exchange rates.
2. The continued high borrowing has kept the real interest rates high in the economy.
3. The upward trend in the ratio of Fiscal deficit of GDP a recent years has an adverse effect on private investment.
4. Interest payment is the single largest component of the nonplan revenue expenditure of the Union Government. Which of these statements are correct?

3. Consider the following.
1. Market borrowing
2. Treasury bills
3. Special securities issued to RBI Which of these is/are component(s) of internal debt?

4. What was the estimated social sector expenditure in budget 2018- 19?

5. The largest item of public expenditure in the Union Budget in recent years has been

6. What is the effect of deficit financing on economy?

7. Producer Price Index measures

8. If interest payment is added to primary deficit, it is equivalent to

9. A country is said to be a debt trap if

10. Fiscal deficit implies

11. Match List-I with List-II and select answer using the codes given below in the lists. List-I
(a) Boom (b) Recession
(c) Depression (d) Recovery List-II
1. Business activities are at high level with increasing income, output and employment at macro level.
2. Gradual fall of income, output and employment with business activity in a low gear.
3. Unprecedented level of under employment and unemployment, drastic fall in income, output.
4. Steady rise in the general level of prices, income, output and employment. Code
(a) (b) (c) (d)

12. Which of the following deficit gives major contribution to total deficit of Government of India?

13. Consider the following statements and select the correct answer using the codes given below. Assertion (A): There is a history of fiscal deficit in Central Government budgets in India. Reason (R): Indian agriculture has enjoyed large amount of subsidies compared to developed countries. Code

14. In the Budget of Government of India, Fiscal deficit less interest payment means

15. Economic Survey in India is published officially, every year by the

16. Which of the following are among the non-plan expenditures of the Government of India?
1. Defence expenditure
2. Subsidies
3. All expenditure linked with the previous plan periods
4. Interest payment

17. ….. is the difference between total receipts and total expenditure.

18. Which one of the following forms the largest share of deficit in Govt. of India budget?

19. The largest item of expenditure in the current account of Central Government budget is

20. Assertion (A): Fiscal deficit is greater than budgetary deficit. Reason (R): Fiscal deficit is borrowing from the Reserve Bank of India plus other liabilities of Government to meet its expenditure. In the context of the given two statements, which of the following is correct? Code

21. Which one of the following is not included in the revenue account of Union Budget?

22. Match List-I with List-II and select the correct answer using the codes given below the lists. List-I
(a) Fiscal deficit
(b) Budget deficit
(c) Revenue deficit
(d) Primary deficit List-II
1. Excess of total expenditure over total receipts
2. Excess of revenue expenditure over revenue receipts
3. Excess of total expenditure over total receipts less borrowing
4. Excess of total expenditure over total receipts less borrowings and interest payment Code
(a) (b) (c) (d)

23. What was the size of the Budget of Uttar Pradesh for 2018-19?

24. As per Union Budget 2018-19, match List-I with List-II and select the correct answer from the codes given below. List-I (Sector)
(a) Defence
(b) Agriculture and allied activity
(c) Subsidy for food
(d) Rural development List-II (Budget allocation : in lakh crores)
1. Rs. 1.38 2. Rs. 1.69
3. Rs. 0.63 4. Rs. 2.82 Code
(a) (b) (c) (d)

25. Which of the following comes under non-plan expenditure?
1. Subsidies
2. Interest Payments
3. Defence expenditure
4. Maintenance expenditure for the infrastructure created in the previous plans Choose the correct answer using the codes given below.