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GK
GK Set-1
Economics
Indian Economics
39

Indian Economics MCQ (GK Set-1) with Answers

39) The system of the budget was introduced in india during the viceroyalty of :

Canning

Dalhouseie

Ripon

Elgin

Answer is:

Canning

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

40) Fiscal Responsibility and Budget Management Act (FRBMA) ACT 2003 concerns :

fiscal deficit only

revenue deficit only

both fiscal and revenue deficit

neither fiscal nor revenue deficit

Answer is:

both fiscal and revenue deficit

41) The temporary tax levied to obtain additional revenue is called :

cess

rate

fee

surcharge

Answer is:

surcharge

42) What are the two main attributes of a formal organization ?

esteern and prestige

role and duties

dominance and supremacy

rules and regulations

Answer is:

rules and regulations

43) Which is correct with respect to the following ? If the price of an inferior good falls, its demand :

rises

falls

remains constant

can be any of the above

Answer is:

remains constant

Indian Economics MCQ (GK Set-1) with Answers

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