UPSC Prelims Marathon 29th March – Public Finance in India – 2024

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We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs daily. Daily Quiz UPSC Prelims Marathon 29 Mar Public Finance in India

 For schedule, refer to the archive link given below. Best UPSC institute In Delhi,

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Correct Answer : 2

Wrong Answer : -0.66

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Question No. 1

Which of the following article of Indian Constitution has the provisions related to “Annual Financial Statement”?

AArticle 98

BArticle 110

CArticle 112

DArticle 117

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Question No. 2

Which of the following sets of data is present in the union budget?
1.Actual data of the preceding year
2.Provisional data of the current year
3.Budgetary estimates for the following year
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 3

Which of the following is/are interim data?
1.Revised estimate
2.Quick estimate
3.Advance estimate
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 4

Which of the following is/are non – tax revenue receipts?
1.Profits and dividends which the government gets from its public sector undertakings (PSUs).
2.Interests received by the government out of all loans forwarded by it.
3.Fiscal services of the government.
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 5

Which of the following is NOT part of revenue expenditure?

AConstruction of railway bridge

BInterest payments

CSubsidies

DDefense expenditures

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Question No. 6

Which of the following is/are comes under capital receipts?
1.Postal deposits
2.Small saving schemes
3.Government bonds sold to the public
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 7

Which of the following is/are comes under capital expenditures?
1.Loan Disbursals by the Government
2.Loan Repayments by the Government
3.Capital Expenditures on Defense by the Government
How many of the statements given above are correct?

AOnly one

BOnly two

COnly three

DNone

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Question No. 8

The fiscal deficit excluding the interest liabilities for a year is?

ARevenue deficit

BEffective revenue deficit

CPrimary deficit

DCapital deficit

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Question No. 9

Consider the following statements regarding government securities (G – Sec):
1.They are tradable instruments issued by the Central Government or the State Governments.
2.They are called risk-free gilt-edged instruments.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

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Question No. 10

Consider the following statements regarding “Goods and Service Tax”:
1.It is a single domestic indirect tax law for the entire country.
2.It is a multi-stage, destination-based tax that is levied on every value addition.
Which of the statements given above is/are correct?

A1 only

B2 only

CBoth 1 and 2

DNeither 1 nor 2

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