Economy Quiz: Indian Economy – Government Budgeting & Fiscal Policy – 13 December 2021

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SFG FRC 2026

Dear Friends,

We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs on a daily basis. For schedule, refer to the archive link given below.

For Prelims marathon archiveclick here 
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Marking Pattern

Correct Answer : 2

Wrong Answer : -0.66

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Lost Soul
Lost Soul
3 years ago

Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 0
Total Correct : 7
Total Wrong : 3
You have scored
12.02 / 20

Lost Soul
Lost Soul
3 years ago
Reply to  Lost Soul

Tobin tax”
It is a tax imposes on all foreign exchange transactions.
It is not implemented anywhere in the world till now.
*The concept of effective revenue deficit has been suggested by the Rangarajan Committee on Public Expenditure.
*FRBM committee headed by NK Singh says:
For fiscal consolidation, the centre should reduce its fiscal deficit from the current 3.5% (2017) to 2.5% by 2023.
Revenue deficit target: The Committee also recommends that the central government should reduce its revenue deficit steadily by 0.25 percentage (of GDP) points each year, to reach 0.8% by 2023.
*Expenditure management commission : Bimal Jalan was the first chairman of EMC.

ForumIAS
3 years ago
Reply to  Lost Soul

Good attempt

Radha (R. K)
Radha (R. K)
3 years ago

5/10

GRIZZLY
GRIZZLY
3 years ago

TIME LEFT :01:33
Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 7
Total Correct : 3
Total Wrong : 0
You have scored
6.00 / 20
*a BIT MOTIVATING AS NO negative marks*
*but still lack revision leading to lack of confidence in attempting question*
might have attempted 4 more correct question if revised well.
can easily do better in this topic.

Vrahalanaidu Gurugubelli
Vrahalanaidu Gurugubelli
3 years ago

Your Score Card
Total Number of Questions : 10
Total Not Attempted Questions : 3
Total Correct : 6
Total Wrong : 1
You have scored
11.34 / 20

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