Macro

Government Budget

Easy

If the quantity of any good remains available the same after consuming by people such goods are called?

Private Good.

Public Good.

Common Resource.

Club Goods.

✅ Correct Option: 2

Public goods are non-rivalrous: one person's consumption does not reduce the quantity available to others, for example street lighting or national defence. They are also non-excludable. Private goods, in contrast, get used up when consumed. Hence the answer is public good.

2026: 19 May Shift 2

Match the LIST-I with LIST-II

LIST-I (Budgetory transactions)	LIST-II (Components)
A. Wealth tax	I. Capital Expenditure
B. Sale of shares in Public Sector Undertakings	II. Revenue Receipts
C. Interest payments on debt by the government	III. Non-debt creating capital receipts
D. Loans and advances by the central government to state	IV. Revenue Expenditure

Choose the correct answer from the options given below:

2025: 29 May Shift 1

Which of the following can help to reduce the Fiscal Deficit?

2025: 21 May Shift 1

Which of the following products have been kept out of the ambit of GST for the time being?

2025: 27 May Shift 2

Consumers will not voluntarily pay for what they can get for free and for which there is no exclusive title to the property being enjoyed. These non-paying users are known as....?

2026: 21 May Shift 1

Calculate the gross fiscal deficit from the following given values (in Rs. crore).

Total expenditure= 10,00,000

Revenue receipts= 8,00,000

Non-debt creating capital receipts= 3,50,000

2025: 13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Public Provision	(I) No feasible way to deny anyone to use public goods.
(B) Stabalisation Function	(II) Goods are produced directly by the government.
(C) Non-Excludable	(III) Financed through the budget and can be used without any direct payment.
(D) Public Production	(IV) Whether to expand demand or reduce it.

Choose the correct answer from the options given below:

If the quantity of any good remains available the same after consuming by people such goods are called?

Solution

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