91). Which of the following is an incorrect step in the preparation of budget in India?
A). Preparation of preliminary estimates by disbursing officers; |
B). Scrutiny and review of estimates by the controlling officers; |
C). Scrutiny and review of revised estimates by Finance offices attached to the Administrative Departments |
D). Obtaining comments of Comptroller and Auditor General of India |
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92). The existence of a Parallel Economy or Black Money;
A). makes the economy more competitive |
B). makes the monetary policies less effective |
C). ensures a better distribution of income and wealth |
D). ensures increasing productive investment |
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93). Put the main sources of revenue of the Central Government in ascending order of importance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
A). 1,2,3,4 |
B). 3,2,4,1 |
C). 4,3,1,2 |
D). 4,3,2,1 |
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94). The highest sector wise contribution to gross domestic saving comes from:
A). private corporate sector |
B). household sector |
C). public sector |
D). cooperative sector |
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95). An amount given by a government agency or even private body to encourage a particular economic activity is a :
A). grant |
B). loan |
C). subsidy |
D). mutual fund |
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96). The per capita income has been low in India because:
A). of population growth |
B). of price rise |
C). more people are in rural areas |
D). of regional imbalances |
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97). Which one of the following is not a department of the Finance Ministry?
A). Department of Economic Affairs |
B). Department of Expenditure |
C). Department of Revenue |
D). Department of Budget |
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98). Independent audit was established in India by the British Government in:
A). 1858 |
B). 1919 |
C). 1935 |
D). 1937 |
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99). The rate of growth of the tertiary sector has been:
A). higher than the overall rate of growth of the net domestic product |
B). lower than the overall rate of growth of the net domestic product |
C). same as the overall rate of growth of the net domestic product |
D). fluctuating when compared to growth of net domestic product |
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100). 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
A). 1 and 2 |
B). 1 only |
C). 1,2 and 3 |
D). 2,3 and 4 |
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