Prelims

In India, deficit financing is used for raising resources for

Which of the following constitute Capital Account?
1. Foreign Loans
2. Foreign Direct Investment
3. Private Remittances
4. Portfolio Investment
Select the correct answer using the codes given below.

All revenues received by the Union Government by way of taxes and other receipts for the conduct of Government business are credited to the

A “closed economy” is an economy in which

Consider the following action which the Government can take:
1. Devaluing the domestic currency.
2. Reduction in export subsidy.
3. Adopting suitable policies which attract greater FDI and more funds from FIIs. Which of the following action/actions can help in reducing the Current Account Deficit?

In the context of the Indian economy, what does the term “deficit financing” refer to?

Which one of the following statements appropriately describes the “fiscal stimulus”?

Consider the following actions by the Government:
1. Cutting the tax rates
2. Increasing the government spending
3. Abolishing the subsidies
In the context of economic recession, which of the above actions can be considered a part of the ‘fiscal stimulus’ package?

Which one of the following is responsible for the preparation and presentation of Union Budget of the Parliament?

In the Context of governance, consider the following:
1. Encouraging Foreign Direct Investment inflows
2. Privatization of higher educational Institutions
3. Down-sizing of bureaucracy
4. Selling/offloading the shares of Public Sector Undertakings
Which of the above can be used as measures to control the fiscal deficit in India?