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Union Budget 2019-20

Interim Budget 2019-2020 for UPSC Prelims 2019 | Revise with MCQs | Lecture 5

 

Q.1) Which of the following might be associated with the outcomes of GST?

1. India’s improvement in World Bank’s Ease of Doing Business Ranking.

2. Increased Tax Base.

3. Faster movement of inter-state goods

4. Higher incidents of tax evasion

5. Strong cooperative federalism

Select the correct answer using the codes given below.

a) 1, 2, 3, 4 and 5

b) 1, 2, 4, and 5 only

c) 2, 3, and 5 only

d) 1, 2, 3 and 5 only

Q.2) Which of the following correctly describes “Tax Base”?

a) It is the number of individuals who generate income which can be taxed.

b) It is the total number of legal entities – national or foreign which come under the tax slab and pay the tax to the national government.

c) It is defined as the total value of assets, properties or income in a certain area or jurisdiction that can be taxed by the taxing authority.

d) None of the above.

Q.3) In context of fiscal system of the government of India, which of the following components would be a part of the revenue receipts?

1. Repayment of the principle amount of the loan by government of Nepal which was granted to it by the Government of India

2. Receipts received through disinvestment.

3. Receipts of the freight services provided by the Indian Railways.

4. Amount of ₹1 crore received as loan from Government of USA.

Select the correct answer using the codes given below:

a) 1, 2, 3, 4

b) 1, 2 and 4 only

c) 3 only

d) 1, 2 and 3 only

Q.4) In context of fiscal system of the government of India, which of the following components would be a part of the capital expenditure?

1. Grants to the states by the union government.

2. Repayment of a loan borrowed by the Government of India.

3. Salaries paid to the central government employees.

Select the correct answer using the codes given below:

a) 1, 2, 3

b) 1 and 3 only

c) 2 and 3 only

d) 2 only

Q.5) In context of interim union budget 2019-20, which of the following statements is/are correct?

1. The tax-receipts of Government of India are greater than the non-tax revenue receipts.

2. Fiscal receipts of union government from income tax has exceeded the receipts from the corporate tax.

3. The amount of non-debt capital receipts is less than the capital receipts.

Select the correct answer using the codes given below:

a) 1 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2, 3

Q.6) In context of interim union budget 2019-20, which of the following statements is/are correct?

1. The fiscal expenditure on centrally sponsored schemes is greater than central sector schemes.

2. The fiscal expenditure on interest payments is greater than the expenditure incurred on subsidies by the union government.

3. The revenue expenditure is greater than the capital expenditure.

Select the correct answer using the codes given below:

a) 1 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2, 3

Q.7) In context of interim union budget 2019-20, which of the following statements is/are correct?

1. The fiscal deficit of India as a percentage of GDP is has been declining since the past 5 years.

2. The rate of decline of fiscal deficit of India as a percentage of GDP has been uniform since the past 5 years.

3. The revenue deficit of India as a percentage of GDP is witnessing a continuous decline in the period between 2011-12 to 2016-17.

Select the correct answer using the codes given below:

a) 1 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2, 3

Q.8) In context of interim union budget 2019-20, which of the following statements is/are correct?

1. In the reference period of 2016-17 to 2019-20, the total amount of transfers to the states and UTs has been increasing gradually.

2. The transfers in the form of devolution of funds form the largest component of the total transfers made by the central government to the states and UTs .

3. In the reference period of 2017-18 to 2018-19, the schemes related transfers by the central government as a part of total transfers to the states and UTs have been increasing gradually.

Select the correct answer using the codes given below:

a) 1 only

b) 1 and 3 only

c) 2 and 3 only

d) 1, 2, 3

Q.9) In context of interim defence budget 2019-20, which of the following statements is/are correct?

1. Defence allocation (including pensions) accounts for nearly 15.5% of the total revenue  expenditure of the central government.

2. As per the budget estimates 2019-20 the capital expenditure on defence accounts for 32.19% of total capital expenditure of the central government.

Select the correct answer using the codes given below:

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Q.10) Which of the following is/are the dimensions of the Vision 2030 as envisaged in the Union Interim 2030?

1. Providing physical and social infrastructure for a $10 trillion Economy.

2. Build India as a launchpad of the satellites for the world.

3. Augment the nuclear deterrence of India by enhancing its nuclear capability.

4. Make India a pollution free country.

Select the correct answer using the codes given below:

a) 1, 2, 3, 4

b) 1 and 2 only

c) 1, 2 and 4 only

d) 1, 2 and 3 only

 

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