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Economics Honours

Total questions: 20

Worksheet time: 5mins

Name
Class
Date
1.

Finance Commission determines

a)

The finances of Government of India

b)

The resources transfer to t he State

c)

The resources transfer to the various departments

d)

none of the above

2.

Which is the method of financial adjustment between Centre and States?

a)

tax sharing

b)

grant-in -aid

c)

Public debt

d)

Federal Finance

3.

The most important aim of fiscal policy in a developing country is?

a)

Economic Stability

b)

Economic Development

c)

Regional Balance

d)

None of these

4.

The controlling authority of Government expenditure is:

a)

RBI

b)

PLANNING COMMISSION

c)

MINISTRY OF FINANCE

d)

FINANCE COMMISSION

5.

The concept of decentralized planning received renewed attention in India with the: 73rd and 74th Constitutional Amendment Acts of :

a)

1993

b)

1992

c)

1995

d)

2000

6.

In India GST was introduced in the year

a)

2016

b)

2017

c)

2018

d)

2019

7.

The controlling authority of Government expenditure is:

a)

RBI

b)

PLANNING COMMISSION

c)

MINISTRY OF FINANCE

d)

FINANCE COMMISSION

8.

Existence of Centre State economic inequalities is known as

a)

vertical Imbalance

b)

Horizontal Imbalance

c)

parallel Imbalance

d)

none of the above

9.

The Current financial transactions of the government which are of recurring in nature is known as

a)

Revenue Budget

b)

CApital Budget

c)

Surplus Budget

d)

Deficit Budget

10.

Dalton has divided debt redemption fund into:

a)

two parts

b)

Three parts

c)

Four parts

d)

Five Parts

11.

Who is the father of Public Finance:

a)

Dalton

b)

Pigou

c)

Musgrave

d)

Adam Smith

12.

Salaries and pensions paid by governments are called:

a)

Capital Expenditure

b)

Revenue Expenditure

c)

Plan Expenditure

d)

Development Expenditure

13.

Customs duties are imposed on commodities as they cross:

a)

State boundares

b)

National boundaries

c)

District Boundaries

d)

muncipal Boundaries

14.

निम्नलिखित अनुच्छेद में से कौन सा वित्त आयोग के गठन के बारे में बात करता है ?

a)

अनुच्छेद 280

b)

अनुच्छेद 273

c)

अनुच्छेद 148

d)

अनुच्छेद 218

15.

What is the 15th Finance Commission report title ?

a)

Finance Commission in Health Emergency

b)

. Finance Commission in Nature Calamities

c)

Finance Commission in COVID Times

d)

Finance Commission in Pandemic

16.

14 वित्त आयोग में किस राज्य को सबसे ज्यादा हिस्सा मिला?

a)

Maharashtra

b)

Uttar Pradesh

c)

Bihar

d)

Madhya pradesh

17.

15वें वित्त आयोग की रिपोर्ट में निम्नलिखित में से किस की सिफारिश की गई है/अनुशंसित(not recommmended ) नहीं है?

1)राज्यों को अनुदान पंचायतों और नगर निकायों में विभाजित किया गया है

2)प्रदर्शन आधारित अनुदान और क्षेत्र-विशिष्ट अनुदान

3)जिला आपदा प्रबंधन कोष की स्थापना

4)राज्य आपदा प्रबंधन कोष की स्थापना

a)

option 3

b)

Option 1&4

c)

Option 1& 3

d)

All of the above

18.

18.When is the report submitted by the Finance Commission available in the public domain?

a)

After the submission of the report to the President.

b)

After the approval of the President

c)

After it is presented to Prime Minister

d)

After the report is tabled in the Parliament

19.

19. Which are the two base years of the population taken by the 15th Finance Commission for the tax calculation for states?

a)

1971 and 2001

b)

1971

c)

2011

d)

1971, 2011

20.

20.NITI Aayog has issued a __________ index to check delay in trial and arrest pendency of cases.

a)

Judicial performance index

b)

Judicial action index

c)

Judicial pendency index

d)

Judicial trial index