Macro

Government Budget

Easy

Match the LIST-I with LIST-II

LIST-I LIST-II
A. Public Good I. Goods are produced directly by the government
B. Public Production II. Goods financed through the budget and can be used without any direct payment
C. Private Good III. Non - Rivalrous
D. Public Provision IV. Rivalrous

Choose the correct answer from the options given below:

LIST-I	LIST-II
A. Public Good	I. Goods are produced directly by the government
B. Public Production	II. Goods financed through the budget and can be used without any direct payment
C. Private Good	III. Non - Rivalrous
D. Public Provision	IV. Rivalrous

A-I, B-II, C-III, D-IV

A-III, B-I, C-IV, D-II

A-III, B-II, C-IV, D-I

A-IV, B-III, C-II, D-I

✅ Correct Option: 2

Public goods are non-rivalrous in consumption (III). Public production means goods produced directly by the government (I). Private goods are rivalrous (IV). Public provision means goods financed through the budget and usable without direct payment (II). Hence A-III, B-I, C-IV, D-II.

2022: 10 Aug Shift 2

'Rs. 48,000 cr is allotted for PM Awas Yojana in this years budget'.

Identify the government objective fulfilled from the statement above.

2026: 12 May Shift 1

Which of the following is related to public provision?

2026: 6 June Shift 1

Expenditures incurred for purposes other than the creation of physical or financial assets of the central government are classified as which of the following?

2026: 23 May Shift 1

Match the LIST-I with LIST-II

LIST-I		LIST-II
A. Tax revenue	I.	Interest receipts
B. Non-tax revenue	II.	Sale of shares in Public Sector Units
C. Capital receipts	III.	Loans from another country
D. Debt creating receipts	IV.	Corporation tax

Choose the correct answer from the options given below:

2022: 16 July Shift 2

Identify the correct statements from the following:

A. Revenue expenditure is any lay out that result in a decrease in financial assets or an increase in financial liabilities

B. Capital expenditure is expenditure which results in creation of financial assets or reduction in financial liabilities

C. Capital receipts are receipts which leads to reduction in financial assets or creation of liability

D. Revenue receipts are receipts which lead to decrease in financial assets or increase of financial liability

E. Revenue receipts are receipts which neither lead to reduction in financial assets nor creation of financial liability

Choose the correct answer from the options given below:

2025: 29 May Shift 1

Goods and Services Tax became operational in the year:

Solution

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CUET Economics Past Year Questions (Topic-Wise)