Static Quiz 20th February

1. Fiscal consolidation is one of the objectives of India’s economic policy. Which of the following would help in fiscal consolidation?

1. Increasing taxes
2. Getting more loans
3. Reducing subsidies

Select the correct answer using the codes given below.

2. With reference to pulses, consider the following statements:

1. India is the largest producer of pulses.
2. India imports pulses to meet its domestic demand.

Which of the statements given above is/are correct?

3. The government provides subsidies in various sectors. Which of the following are the effects of subsidies?

1. It increases inflation
2. It increases fiscal deficit
3. It decreases export competitiveness

Select the correct answer using the codes given below.

4. The Fiscal Responsibility and Budget Management (FRBM) Act aimed for:

1. Eliminating both revenue deficit and fiscal deficit
2. Giving flexibility to RBI for inflation management

Which of the statements given above is/are correct?

5. With reference to deficit financing, monetized deficit is the part that is financed through: