Macro

Government Budget

Easy

Public Goods are always :

Rivalrous but non excludable

Non-rivalrous and non excludable

Non-rivalrous but excludable

Rivalrous and excludable

✅ Correct Option: 2

Public goods have two defining features: non-rivalry (one person's consumption does not reduce availability to others) and non-excludability (no one can be excluded from consuming them even without paying). Examples include national defence and street lighting.

2025: 15 May Shift 1

When did GST came in effect in India?

2025: 29 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Capital receipts	(I) Excess of total expenditure over and above all total receipts of the government
(B) Corporate saving	(II) Borrowings of the government
(C) Budget deficit	(III) Retained earnings of firm
(D) Fiscal deficit	(IV) Create a liability for the government

Choose the correct answer from the options given below:

2025: 13 May Shift 1

GST is the amalgamation of which of the following taxes?

2025: 28 May Shift 2

The month in which the Goods and Services Tax became operational.

2025: 22 May Shift 2

Among the following, which features are correct with regard to Revenue receipts.

(A) Receipts that are redeemable.

(B) Recurring receipts that do not lead to a claim on the government.

(D) Receipts that take into account the effects of tax proposals made in the finance bill.

Choose the correct answer from the options given below:

2025: 22 May Shift 1

A shock absorber which makes disposable income, and thus consumer spending, less sensitive to fluctuations in GDP is called......

Public Goods are always :

Solution

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