OPSC OAS · General Studies (Paper I)
Budget, banking and taxation
GST, RBI, fiscal deficit, monetary policy, financial inclusion.
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Take a full mock →Q1 · Budget, banking and taxation · EASY
Which of the following is NOT a function of the Reserve Bank of India?
Q2 · Budget, banking and taxation · MEDIUM
Which of the following statements about the Goods and Services Tax (GST) Council in India is/are correct? 1. It is a constitutional body. 2. The Union Finance Minister is the Chairman of the Council. 3. Decisions are taken by a majority of at least three-fourths of weighted votes. Select the correct answer using the code given below:
Q3 · Budget, banking and taxation · MEDIUM
Which of the following is NOT a component of Revenue Expenditure in the Union Budget?
Q4 · Budget, banking and taxation · HARD
Which of the following is NOT included in the Revenue Receipts of the Union Budget?
Q5 · Budget, banking and taxation · MEDIUM
With reference to Fiscal Deficit in Indian Budget, consider the following statements: 1. It represents the total borrowings of the government during a financial year. 2. Revenue Deficit is always a part of Fiscal Deficit. 3. Fiscal Deficit can be financed only through external borrowings. Which of the statements given above is/are correct?