ECC05 — Budget and Fiscal Policy

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Question 1

Fiscal Deficit is defined as: (CDS PYQ)

ARevenue expenditure minus revenue receipts only

BTotal capital expenditure minus only capital receipts

CTotal expenditure minus total receipts excluding borrowings

DNet indirect taxes minus net subsidies of the government

Question 2

GST was implemented in India on: (CDS PYQ)

A1 April 2017

B1 July 2017

C1 January 2018

D15 August 2017

Question 3

Salaries of government employees are an example of: (CDS PYQ)

ACapital expenditure creating a long-term asset

BDevelopment expenditure for economic growth

CRevenue expenditure recurring in nature

DTransfer expenditure with no production attached

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ECC05 — Budget and Fiscal Policy — Quiz