Macro

Government Budget

Easy

Goods that possess characteristics of excludability and rivalry are known as___.

Public Goods

Normal Goods

Inferior Goods

Private Goods

✅ Correct Option: 4

Private goods are both excludable (non-payers can be prevented from consuming them) and rival (one person's consumption reduces what is left for others). Public goods, by contrast, are non-excludable and non-rival.

2025: 29 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Primary deficit	(I) Net borrowing at home + Borrowing from RBI + Borrowing from abroad
(B) Fiscal deficit	(II) Fiscal deficit – Net interest liabilities
(C) Revenue deficit	(III) Revenue expenditure – Revenue receipts
(D) Revenue Expenditure	(IV) Plan and non-plan expenditure

Choose the correct answer from the options given below:

2026: 6 June Shift 1

The change in equilibrium output that results from a unit increase or decrease in both taxes and government spending is called.

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: 30 May Shift 2

Net borrowing at home included which of the following?

2025: 3 June Shift 1

In the Annual Budget 2025, the Government of India set up disinvestment targets of ₹80000 crore. Such proceeds from disinvestment can be classified as ________ receipts in the government budget as it leads to ________ of the government.

2025: 27 May Shift 2

The government imposes taxes that do not depend on income is called.

Goods that possess characteristics of excludability and rivalry are known as___.

Solution

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