The Government:...

In CSGL Account, ''S'' Stands for..........

Select the major reasons for price rise in most of the developing economies from the list given below:
1. Follow-up to the policy of deficit financing together with the burden of carrying huge non-developmental expenditures
2. Printing of fresh currencies to meet their expenditures
3. Levels of aggregate production lagging behind the levels of simultaneous aggregate demand.

Select the incorrect statements about 'capital consumption' from the given choices, using the code given below:
1. The situation when due to the losses of a company in consecutive years make it obliged to pay its current expanses using its capital base.
2. A situation when the listed firms under report their losses so that they can take higher benefits of depreciation.
3. The process by which a company shows higher loss in its operation to withholds payments of dividends to its various share holders.

Which of the following is/ are included in the capital budget of the Government of India?
1. Expenditure on acquisition of assets like roads, buildings, machinery, etc.
2. Loans received from foreign governments
3. Loans and advances granted to the States and Union Territories
Select the correct answer using the code given below.

As per the provisions of the FRBM Act. along with the Budget and Demands for Grants the Gol needs to lay which of the following statements before the Parliament in each financial year. select the correct answer using the code given below:
1. Fiscal Policy Strategy Statement IFPSS)
2. Medium Term Fiscal Policy Statement I MTFPS)
3. Macroeconomic Framework Statement (MFS)

Which of the following is correct about the 'committed expenditures' of the government?
1. Expenditures on interest payment due to internal and external borrowings.
2. Expense in the name of the 'charged expenditure'.
3. Expenditures due to pensions and provident fund liabilities.

Which of the following is/are correct about India's 'primary deficit'?
1. This is the fiscal deficit after deducting the cost of interest payment.
2. Falling fiscal deficit and rising primary deficit is considered good.
3. Interest payment constitutes around 82 per cent of India's fiscal deficit.

Select the most popular and prevalent combination of taxation and expenditure by governments across the world today.

Select the incorrect statement/ statements about the fiscal policy of the modern economies using the code given below:
1. As development comes in, there are lesser challenges on the expenditure front for the governments.
2. More development means more government expenditure.
3. Governments in the developed countries have been able to limit their expenditures due to higher levels of development.

Which of the following action/actions can be taken by the government to reduce the persistent challenge of budget deficit?
1. Reducing the duties on imports
2. Rationalising subsidies
3. Cutting the expenditure of revenue
4. Merging the existing welfare schemes