🏫 Board📈 Economics

Government Budget and the Economy

4 Board Economics previous year questions on Government Budget and the Economy — options free on every question; 1 include the answer & explanation free, the rest unlock with PYQ Pass.

Q1 FREE PREVIEW

In which of the following years the Goods and Services taxes are implemented in India?

a

In 2006

b

In 2016

c

In 2017

d

In 2020

✓ Correct answer: c)

In 2017

Explanation

GST was implemented in India on 1st July 2017.

Q2

Read the following statements carefully:
Statement 1: Foreign aids are the capital receipts for the government.
Statement 2: Disinvestments may lead to a decrease in the assets of the government.

a

Statement 1 is true and Statement 2 is false.

b

Statement 1 is false and Statement 2 is true.

c

Both Statements 1 and 2 are true.

d

Both Statements 1 and 2 are false.

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Q3

According to the data presented in the Union Budget 2023–24, the total receipts of the government (other than borrowings), and the total expenditure are estimated as ₹20 lakh crore and ₹45 lakh crore respectively. Therefore, the value of _________ deficit would be ₹25 lakh crore.
(Choose the correct option to fill in the blank)

a

revenue

b

fiscal

c

trade

d

primary

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Q4

Identify, which of the following does not represent a public good.
(Choose the correct option)

a

Free vaccines provided by the government

b

Defence services provided by the military

c

Purchase of railway ticket by an individual

d

Street light installed by a city municipality

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