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Fiscal System of India
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Fiscal System of India
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25 Questions

1. The per capita income has been low in India because:
2. Which one among the following is not a component of fiscal policy? [Asstt Commdt 2011]
3. The main reason for low growth rate in India - inspite of high rate of savings and capital formation is: [IAS 1995]
4. Which one of the following is the most important item of non-plan expenditure?
5. In recent years the capital outlays for the defence service have been:
6. In gross domestic saving by sector of origin - the four sectors in order of importance are:
7. ]
8. In the context of Indian economy - consider the following statements: 1. The growth rate of GDP has -“ steadily increased in the last five years. 2. The growth rate in per capita income has steadily increased in the last five years. Which of the statements given above is/are correct? [CSAT2011]
9. Which of the following is not true about 'vote-on-account'? [Bank PO 1991]
10. The Indian budget includes:
11. What is the main source of revenue to meet different expenditures?
12. The annual financial statement shows the receipts and payments of the government under the 3 parts in which government accounts are kept in : 1. Consolidated Fund 2. Contingency Fund 3. Public Account Which of the following items are covered under the Public Account?
13. Main bearers of the burden of indirect tax are:
14. 'Balanced Growth' means:
15. The most appropriate measure of a country's economic growth is the:
16. Deficit financing is spending:
17. Since independence - both development and non-development expenditures have Increased - the increase in the former being a little more than in the other. Non development expenditure involves: 1. interest payment 2. subsidies 3. defence 4. irrigation
18. Under increasing returns the supply curve is [SSC (10+2) 2010]
19. In India - the service tax was first introduced in the year: [CDS 2001]
20. Temporary tax levied to obtain additional revenue is called:
21. Which of the following gives a correct picture of the share of various sectors in economic growth in India over the years? 1. Primary sector-stagnant 2. Secondary sector-increasing 3. Tertiary sector-decreasing
22. Who is the chairman of 13th Finance Commission?
23. Which of the following schemes was intended to tap the black money?
24. The Indian income tax is : 1. direct 2. progressive 3. indirect 4. proportional
25. The highest sector wise contribution to gross domestic saving comes from:

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