Macro ecomomics

Which of the following is an example of Government Expenditure?

• Income tax

• Interest payment

• GST

• Custom Duty

___________ fiscal policy is said to be in action when the government reduces spending and increases the taxes at the same time in the country

• Expansionary

• Contractionary

• Neutral

Fiscal deficit is the difference between

• Monetary policy and fiscal policy

• Government Expenditure and Government Revenue

• Public Deposits and Public Borrowings

• Imports and Exports

All the Indian currency notes are signed by the Governor of RBI except for the currency note of Rs.---

• Rs. 5

• Rs. 2000

• Rs. 500

• Re.1

India's Fiscal policy is governed and regulated by

• Reserve Bank of India

• Government of India

• Governor of RBI

• Public at large

Which one of the following is not a tool used to implement the monetary policy

• Cash Reserve Ratio

• Gross Domestic Product

• Statutory liquidity ratio

• Marginal Standing Facility

Which one of the following is not a specialized financial institution of India

• IMF

• IDBI

• EXIM Bank

• NABARD

Which of the following is not an example of Direct tax?

• Income tax

• Property tax

• Service tax

• Wealth tax

The taxes collected from public in the form of direct and indirect taxes is also known as public borrowings

• True

• False

When the inflation is high in the economy, the interest rates are also high

• True

• False