CUET Economics - Macro - Government Budget | Free Questions

Q1:

3 June Shift 2

Macro

>

Easy

Q1:

Rs. 50

Rs. 75

Rs. 25

Rs. 15

Correct Answer

Option 2

Correct Answer

Explanation →

Q2:

3 June Shift 2

Macro

>

Easy

Q2:

1 April to 31 March.

1 January to 31 December.

1 July to 30 June.

1 May to 30 April.

Correct Answer

Option 1

Correct Answer

Explanation →

Q3:

3 June Shift 2

Macro

>

Medium

Q3:

Tax Revenue.

Recovery of Loans.

Public Sector Undertaking Disinvestment.

Borrowings and Other Liabilities.

Correct Answer

Option 1

Correct Answer

Explanation →

Q4:

3 June Shift 2

Macro

>

Hard

Q4:

(A), (B), (C), (D)

(B), (A), (C), (D)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q5:

3 June Shift 2

Macro

>

Easy

Q5:

Lump-sum Taxes.

Proportional Taxes.

Non-income Taxes.

Service Taxes.

Correct Answer

Option 1

Correct Answer

Explanation →

Q6:

3 June Shift 1

Macro

>

Medium

Q6:

It records all the transactions which are recurring in nature.

Proceeds from disinvestment are recorded under this category.

It has two components- revenue receipts and revenue expenditure.

Payment of salaries by the government departments is recorded in government budget.

Correct Answer

Option 2

Correct Answer

Explanation →

Q7:

3 June Shift 1

Macro

>

Medium

Q7:

Revenue receipts.

Revenue expenditure.

Capital receipts.

Capital expenditure.

Correct Answer

Option 2

Correct Answer

Explanation →

Q8:

3 June Shift 1

Macro

>

Medium

Q8:

capital, decrease in assets

revenue, increase in assets

capital, increase in liabilities

revenue, decrease in liabilities

Correct Answer

Option 1

Correct Answer

Explanation →

Q9:

3 June Shift 1

Macro

>

Medium

Q9:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q10:

3 June Shift 1

Macro

>

Easy

Q10:

Reallocation of resources

Regional equality

Redistribution of income

Economic instability

Correct Answer

Option 3

Correct Answer

Explanation →

Q11:

2 June Shift 1

Macro

>

Hard

Q11:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B) and (C) only

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q12:

2 June Shift 1

Macro

>

Medium

Q12:

(A), (C) and (D) only

(B), (C) and (D) only

(A), (B), (C) and (D)

(A), (B) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q13:

2 June Shift 1

Macro

>

Medium

Q13:

(B) and (D) only

(A) and (D) only

(C) and (D) only

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q14:

2 June Shift 1

Macro

>

Medium

Q14:

Fiscal Deficit = Interest Payments.

Fiscal Deficit > Interest Payments.

Revenue deficit < Interest payments.

Fiscal Deficit < Interest Payments.

Correct Answer

Option 1

Correct Answer

Explanation →

Q15:

31 May Shift 1

Macro

>

Hard

Q15:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q16:

31 May Shift 1

Macro

>

Easy

Q16:

Public Provision.

Public Production.

Public Goods.

Private Goods.

Correct Answer

Option 1

Correct Answer

Explanation →

Q17:

31 May Shift 1

Macro

>

Easy

Q17:

Non -Public good which is non-rival and non excludable in consumption.

Public good which is non-rival and non excludable in consumption.

Non -Public good which is rival and non-excludable in consumption.

Public good which is rival and non-excludable in consumption.

Correct Answer

Option 2

Correct Answer

Explanation →

Q18:

30 May Shift 2

Macro

>

Medium

Q18:

directly borrowed from the public through debt instruments.

Borrowing from Federal body of banking system.

Gross fiscal deficit.

Borrowing from abroad through debt instruments.

Correct Answer

Option 1

Correct Answer

Explanation →

Q19:

30 May Shift 2

Macro

>

Medium

Q19:

Opening up of 11 Central University in next 5 years worth of 20,000 cr from annual budget 2024-25, BSNL.

Airtel, BSNL.

AIIMS, Coal India Limited.

5 lacs brick homes to people from 'Below Poverty Line' strata, Loan of up to 10 lac to women entrepreneurs.

Correct Answer

Option 1

Correct Answer

Explanation →

Q20:

30 May Shift 2

Macro

>

Medium

Q20:

Medium Term Fiscal Policy Statement, Fiscal Policy Strategy Management, and The Macroeconomic Framework Statement.

Medium Term Fiscal Policy Statement, Quarterly Macroeconomic Policy, and Microeconomic Accounting standard.

Fiscal Policy Review Report , Fiscal Policy Recommended Report, Field Survey on Macroeconomic Benchmarks.

Annual Stock Performance Data, Field Surveys on Unemployment Report, Citizen Feedback on Economy Data.

Correct Answer

Option 1

Correct Answer

Explanation →

Q21:

30 May Shift 2

Macro

>

Medium

Q21:

104th Constitutional Ammendment and Introduction of Article 26A.

101 Constitutional Amendment and Introduction of Article 246A.

101st Constitutional Amendment and Introduction of Article 26A.

104th Constitutional Ammendment and Introduction of Article 24A.

Correct Answer

Option 2

Correct Answer

Explanation →

Q22:

30 May Shift 1

Macro

>

Medium

Q22:

(A), (D), (B), (C)

(B), (D), (A), (C)

(B), (A), (D), (C)

(A), (B), (D), (C)

Correct Answer

Option 2

Correct Answer

Explanation →

Q23:

30 May Shift 1

Macro

>

Medium

Q23:

(A), (B) and (C) only

(A), (B) and (D) only

(A) and (D) only

(B), (C) and (D) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q24:

30 May Shift 1

Macro

>

Medium

Q24:

Recovery of loans.

Financial aid from MNC for victims in a flood affected area.

Borrowings from IMF.

Dividend paid by State Bank of India to the Government.

Correct Answer

Option 1

Correct Answer

Explanation →

Q25:

29 May Shift 2

Macro

>

Medium

Q25:

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

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

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

(A) - (III), (B) - (IV), (C) - (II), (D) - (II)

Correct Answer

Option 2

Correct Answer

Explanation →

Q26:

29 May Shift 2

Macro

>

Easy

Q26:

Discretionary fiscal policy.

Government expenditure multiplier.

Automatic stabiliser.

Tax multiplier.

Correct Answer

Option 3

Correct Answer

Explanation →

Q27:

29 May Shift 2

Macro

>

Easy

Q27:

Redistribution function.

Stabilization function.

Fiscal policy.

Taxation.

Correct Answer

Option 1

Correct Answer

Explanation →

Q28:

29 May Shift 2

Macro

>

Easy

Q28:

Public goods.

Public provision.

Public production.

Private goods.

Correct Answer

Option 2

Correct Answer

Explanation →

Q29:

29 May Shift 1

Macro

>

Medium

Q29:

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

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

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

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

Correct Answer

Option 4

Correct Answer

Explanation →

Q30:

29 May Shift 1

Macro

>

Medium

Q30:

(A), (B) and (D) only

(A), (C) and (D) only

(A), (B), (C) and (D)

(A) and (C) only

Correct Answer

Option 2

Correct Answer

Explanation →

Q31:

29 May Shift 1

Macro

>

Medium

Q31:

Increasing Subsidies.

Increasing proceeds from the sale of PSUs.

Investing in improving public goods.

Decreasing the burden and incidence of tax.

Correct Answer

Option 2

Correct Answer

Explanation →

Q32:

29 May Shift 1

Macro

>

Easy

Q32:

2016

2018

2017

2014

Correct Answer

Option 3

Correct Answer

Explanation →

Q33:

28 May Shift 2

Macro

>

Easy

Q33:

May

June

July

August

Correct Answer

Option 3

Correct Answer

Explanation →

Q34:

28 May Shift 2

Macro

>

Easy

Q34:

18 percent.

15 percent.

13 percent.

11 percent.

Correct Answer

Option 1

Correct Answer

Explanation →

Q35:

28 May Shift 2

Macro

>

Easy

Q35:

Central Goods and Service Tax Act.

Integrated Goods and Service Tax Act.

States Goods and Service Tax Act.

Regional Goods and Service Tax.

Correct Answer

Option 4

Correct Answer

Explanation →

Q36:

28 May Shift 2

Macro

>

Medium

Q36:

Central Sales Taxation.

Central Excise Duty.

Value- added taxation.

Sales Taxation.

Correct Answer

Option 3

Correct Answer

Explanation →

Q37:

28 May Shift 2

Macro

>

Medium

Q37:

Alcoholic liquor.

Tobacco and tobacco products.

Petroleum products.

Lottery /Betting/ Gambling.

Correct Answer

Option 2

Correct Answer

Explanation →

Q38:

27 May Shift 2

Macro

>

Medium

Q38:

Total expenditure - Total Revenue.

Gross fiscal deficit - Net interest liabilities.

Net borrowing at home + Borrowing from RBI + Borrowing from abroad.

Total expenditure - (Revenue receipts + Non-debt creating capital receipts).

Correct Answer

Option 2

Correct Answer

Explanation →

Q39:

27 May Shift 2

Macro

>

Easy

Q39:

Lump-sum taxes.

Direct taxes.

Non-income taxes.

Indirect taxes.

Correct Answer

Option 1

Correct Answer

Explanation →

Q40:

27 May Shift 2

Macro

>

Easy

Q40:

Private goods.

Public goods.

Free-goods.

Free-riders.

Correct Answer

Option 4

Correct Answer

Explanation →

Q41:

26 May Shift 2

Macro

>

Medium

Q41:

Revenue deficit.

Fiscal deficit.

Primary Deficit.

Budgetary deficit.

Correct Answer

Option 3

Correct Answer

Explanation →

Q42:

26 May Shift 2

Macro

>

Medium

Q42:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q43:

26 May Shift 2

Macro

>

Medium

Q43:

(A), (B) and (C) only

(A), (B) and (D) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 1

Correct Answer

Explanation →

Q44:

26 May Shift 2

Macro

>

Easy

Q44:

Reallocation of resources.

Economic Stability.

Balanced regional development.

Redistribution of income.

Correct Answer

Option 4

Correct Answer

Explanation →

Q45:

26 May Shift 2

Macro

>

Medium

Q45:

Allocation function of the government.

Redistribution function of the government.

Stabilisation function of the government.

Public provision by the government.

Correct Answer

Option 3

Correct Answer

Explanation →

Q46:

22 May Shift 2

Macro

>

Easy

Q46:

Fiscal Deficit.

Primary Deficit.

Revenue Deficit.

Monetary Deficit.

Correct Answer

Option 1

Correct Answer

Explanation →

Q47:

22 May Shift 2

Macro

>

Medium

Q47:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 4

Correct Answer

Explanation →

Q48:

22 May Shift 2

Macro

>

Easy

Q48:

2001

2002

2003

2004

Correct Answer

Option 3

Correct Answer

Explanation →

Q49:

22 May Shift 2

Macro

>

Medium

Q49:

Indirect tax.

Lump-sum tax.

Proportional tax.

Corporate tax.

Correct Answer

Option 2

Correct Answer

Explanation →

Q50:

22 May Shift 1

Macro

>

Medium

Q50:

Allocation, Distribution and Stabilisation.

Reallocation, Stabilisation and Redistribution.

Allocation, Stabilisation and Equilibrium.

Allocation, Redistribution and Stabilisation.

Correct Answer

Option 4

Correct Answer

Explanation →

Q51:

22 May Shift 1

Macro

>

Easy

Q51:

Government expenditure.

Government surplus.

Government budget.

Government debt.

Correct Answer

Option 4

Correct Answer

Explanation →

Q52:

22 May Shift 1

Macro

>

Medium

Q52:

Automatic stabiliser.

Government spending.

Fiscal policy.

Monetary policy.

Correct Answer

Option 1

Correct Answer

Explanation →

Q53:

21 May Shift 1

Macro

>

Medium

Q53:

CGST only.

SGST only.

IGST only.

No GST will be levied as laptops are kept outside the ambit of GST.

Correct Answer

Option 3

Correct Answer

Explanation →

Q54:

21 May Shift 1

Macro

>

Medium

Q54:

Value Added Tax.

Custom Duty.

Central Excise Duty.

Central Sales Tax.

Correct Answer

Option 1

Correct Answer

Explanation →

Q55:

21 May Shift 1

Macro

>

Medium

Q55:

Alcohol and tobacco products.

Alcohol and petroleum products.

Petroleum products and tobacco products.

Alcohol, tobacco products and petroleum products.

Correct Answer

Option 2

Correct Answer

Explanation →

Q56:

21 May Shift 1

Macro

>

Medium

Q56:

It has facilitated the freedom of movement of goods and services and created a common market in the country.

It has increased the cost of business operations.

It has reduced the cascading effect of various taxes on consumers.

It has made Indian products more competitive in the domestic and international markets.

Correct Answer

Option 2

Correct Answer

Explanation →

Q57:

21 May Shift 1

Macro

>

Medium

Q57:

Higher Transparency in tax regime.

It has contracted the tax base.

Ease of doing business.

It reduced human interference.

Correct Answer

Option 2

Correct Answer

Explanation →

Q58:

16 May Shift 1

Macro

>

Medium

Q58:

(A), (B) and (D) only

(A), (B) and (C) only

(B) and (D) only

(C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q59:

16 May Shift 1

Macro

>

Medium

Q59:

Capital expenditure

Capital receipt

Revenue expenditure

Revenue receipt

Correct Answer

Option 1

Correct Answer

Explanation →

Q60:

16 May Shift 1

Macro

>

Medium

Q60:

Increase repo rate.

Increase public spending.

Decrease cash reserve ratio.

Decrease reverse repo rate.

Correct Answer

Option 2

Correct Answer

Explanation →

Q61:

16 May Shift 1

Macro

>

Medium

Q61:

Proceeds from the sale of PSUs.

Recovery of loans

Receipt of interest on loan.

Borrowings

Correct Answer

Option 4

Correct Answer

Explanation →

Q62:

16 May Shift 1

Macro

>

Hard

Q62:

(A), (B), (C), (D)

(A), (D), (C), (B)

(B), (A), (D), (C)

(C), (B), (D), (A)

Correct Answer

Option 2

Correct Answer

Explanation →

Q63:

16 May Shift 1

Macro

>

Medium

Q63:

GST has simplified the multiplicity of taxes on goods and services.

It has facilitated the freedom of movement of goods and services and created a common market in the country.

It is aimed at increasing the cost of business operations.

It has also reduced the overall cost of production, which will make Indian products/services more competitive in the domestic and international markets.

Correct Answer

Option 3

Correct Answer

Explanation →

Q64:

15 May Shift 1

Macro

>

Medium

Q64:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q65:

15 May Shift 1

Macro

>

Medium

Q65:

1 July, 2017.

1 April, 2017.

1 July, 2016.

1 April, 2016.

Correct Answer

Option 1

Correct Answer

Explanation →

Q66:

15 May Shift 1

Macro

>

Medium

Q66:

(A) and (D) only

(B) and (C) only

(C) and (D) only

(A), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q67:

15 May Shift 1

Macro

>

Easy

Q67:

Rivalrous and excludable.

Rivalrous and non-excludable.

Non-Rivalrous and non-excludable.

Non-rivalrous and excludable.

Correct Answer

Option 3

Correct Answer

Explanation →

Q68:

14 May Shift 1

Macro

>

Medium

Q68:

Financing expenditure

Financing borrowing

Financing Taxation

Financing deficit

Correct Answer

Option 1

Correct Answer

Explanation →

Q69:

14 May Shift 1

Macro

>

Easy

Q69:

Public production

Allocation

Redistribution

Stabilisation

Correct Answer

Option 4

Correct Answer

Explanation →

Q70:

14 May Shift 1

Macro

>

Medium

Q70:

Borrowing from abroad

Net factor income from abroad

Net Interest liabilities.

Transfers payments

Correct Answer

Option 3

Correct Answer

Explanation →

Q71:

14 May Shift 1

Macro

>

Easy

Q71:

Revenue Deficit

Fiscal Deficit

Monetary Deficit

Primary Deficit

Correct Answer

Option 1

Correct Answer

Explanation →

Q72:

14 May Shift 1

Macro

>

Medium

Q72:

Medium-term Fiscal Policy

The Fiscal Policy Strategy

The Macroeconomic Framework

Fiscal Responsibility and Budget Management Act

Correct Answer

Option 2

Correct Answer

Explanation →

Q73:

13 May Shift 2

Macro

>

Easy

Q73:

Stabalization Function.

Allocative Function.

Redistribution function.

Transactory Function.

Correct Answer

Option 3

Correct Answer

Explanation →

Q74:

13 May Shift 2

Macro

>

Medium

Q74:

(A), (B) and (D) only

(A), (B) and (C) only

(A), (B), (C) and (D)

(B), (C) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q75:

13 May Shift 2

Macro

>

Medium

Q75:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q76:

13 May Shift 1

Macro

>

Medium

Q76:

Allocative Function

Distribution Fuction

Stabilization Function

Fiscal Function.

Correct Answer

Option 3

Correct Answer

Explanation →

Q77:

13 May Shift 1

Macro

>

Medium

Q77:

Destination Based Tax.

Direct Tax.

Local Tax

Lump Sum Tax.

Correct Answer

Option 1

Correct Answer

Explanation →

Q78:

13 May Shift 1

Macro

>

Easy

Q78:

Destination Based Tax

Unified Tax

Input Tax Credit(ITC)

Unified Market.

Correct Answer

Option 3

Correct Answer

Explanation →

Q79:

13 May Shift 1

Macro

>

Easy

Q79:

Because it is combination of multiple taxes.

Because now country have only GST as indirect tax.

Because it brought uniformity in tax rate across the country.

Because it is a simple tax.

Correct Answer

Option 3

Correct Answer

Explanation →

Q80:

13 May Shift 1

Macro

>

Medium

Q80:

Gold

Silver

Luxury Consumables.

Tobacco.

Correct Answer

Option 4

Correct Answer

Explanation →

Q81:

13 May Shift 1

Macro

>

Easy

Q81:

All Central taxes

All State Taxes

Large number of central and state indirect taxes

Large number of central direct taxes.

Correct Answer

Option 3

Correct Answer

Explanation →

Q82:

CUET Economics 2024 Slot 1

Macro

>

Easy

Q82:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q83:

CUET Economics 2024 Slot 1

Macro

>

Hard

Q83:

Consolidated Fund of India

Public Account

Union Budget

Contingency Fund

Correct Answer

Option 3

Correct Answer

Explanation →

Q84:

CUET Economics 2024 Slot 1

Macro

>

Easy

Q84:

Capital Receipts

Capital Payments

Revenue Receipts

Revenue Payments

Correct Answer

Option 1

Correct Answer

Explanation →

Q85:

CUET Economics 2023 Slot 6

Macro

>

Medium

Q85:

A and B only

D and C only

A and C only

B and D only

Correct Answer

Option 3

Correct Answer

Explanation →

Q86:

CUET Economics 2023 Slot 6

Macro

>

Medium

Q86:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q87:

CUET Economics 2023 Slot 6

Macro

>

Easy

Q87:

Excise duty

Post office savings Accounts

Payment of salary to staff of government hospital

Recovery of loans

Correct Answer

Option 3

Correct Answer

Explanation →

Q88:

CUET Economics 2023 Slot 6

Macro

>

Medium

Q88:

A, B and C only

A, B and D only

A, B and E only

A, D and E only

Correct Answer

Option 2

Correct Answer

Explanation →

Q89:

CUET Economics 2023 Slot 6

Macro

>

Medium

Q89:

Benefit are available to all

May be produced by private sector

Benefit not exclude anyone from enjoying the benefits

Available free to users

Correct Answer

Option 2

Correct Answer

Explanation →

Q90:

CUET Economics 2023 Slot 5

Macro

>

Easy

Q90:

Revenue deficit

Fiscal deficit

Primary deficit

Budget deficit

Correct Answer

Option 1

Correct Answer

Explanation →

Q91:

CUET Economics 2023 Slot 5

Macro

>

Easy

Q91:

Profits of LIC, a public enterprise

Amount borrowed from Japan for construction of Bullet Train

Recovery of loans

Sale of 40% shares of a public sector undertaking to a private enterprise

Correct Answer

Option 1

Correct Answer

Explanation →

Q92:

CUET Economics 2023 Slot 5

Macro

>

Easy

Q92:

Income Tax Control

Input Tax Credit

Indian Tea Company

Indirect Tax Control

Correct Answer

Option 2

Correct Answer

Explanation →

Q93:

CUET Economics 2023 Slot 5

Macro

>

Medium

Q93:

(A), (B) and (C) Only

(B), (C) and (E) Only

(B), (C) and (D) Only

(A), (C) and (E) Only

Correct Answer

Option 3

Correct Answer

Explanation →

Q94:

CUET Economics 2023 Slot 4

Macro

>

Easy

Q94:

Input Tax Credit

Goods and Services Tax

Value Added Tax

Central Excise Duty

Correct Answer

Option 2

Correct Answer

Explanation →

Q95:

CUET Economics 2023 Slot 4

Macro

>

Easy

Q95:

It is a single comprehensive direct tax

It is applicable throughout the country

It has amalgamated a large number of Central and State taxes and cesses

It is a destination based consumption tax

Correct Answer

Option 1

Correct Answer

Explanation →

Q96:

CUET Economics 2023 Slot 4

Macro

>

Easy

Q96:

One rate for one type of goods only in U.T.

Different rate for services in different state

One rate for one type of goods/services

No GST for metropolitian cities

Correct Answer

Option 3

Correct Answer

Explanation →

Q97:

CUET Economics 2023 Slot 4

Macro

>

Easy

Q97:

Religious products

Educational products

Beauty products

Petroleum products

Correct Answer

Option 4

Correct Answer

Explanation →

Q98:

CUET Economics 2023 Slot 4

Macro

>

Easy

Q98:

Petroleum products

Tobacco products

Gambling and Betting

Fast food products

Correct Answer

Option 2

Correct Answer

Explanation →

Q99:

CUET Economics 2023 Slot 3

Macro

>

Medium

Q99:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q100:

CUET Economics 2023 Slot 3

Macro

>

Easy

Q100:

Revenue Expenditure

Capital Expenditure

Revenue Receipt

Capital Receipt

Correct Answer

Option 4

Correct Answer

Explanation →

Q101:

CUET Economics 2023 Slot 3

Macro

>

Easy

Q101:

Total Expenditure - Capital Expenditure

Fiscal Deficit - Payment of Interests

Revenue Expenditure - Revenue Receipts

Total Expenditure - Total Receipts

Correct Answer

Option 3

Correct Answer

Explanation →

Q102:

CUET Economics 2023 Slot 2

Macro

>

Easy

Q102:

Reallocation of resources

Economic stability

Increase in regional disparities

Economic growth

Correct Answer

Option 3

Correct Answer

Explanation →

Q103:

CUET Economics 2023 Slot 2

Macro

>

Medium

Q103:

Rs 7,500

Rs 12,500

Rs 5,000

Rs 17,750

Correct Answer

Option 1

Correct Answer

Explanation →

Q104:

CUET Economics 2023 Slot 2

Macro

>

Medium

Q104:

Capital receipt

Revenue receipt

Capital expenditure

Revenue expenditure

Correct Answer

Option 2

Correct Answer

Explanation →

Q105:

CUET Economics 2023 Slot 1

Macro

>

Easy

Q105:

Revenue Expenditure

Net Interest Liabilities

Recovery of Loans

Non-tax Revenue

Correct Answer

Option 2

Correct Answer

Explanation →

Q106:

CUET Economics 2023 Slot 1

Macro

>

Easy

Q106:

Money deficit

Fiscal deficit

Macro deficit

Micro deficit

Correct Answer

Option 2

Correct Answer

Explanation →

Q107:

CUET Economics 2023 Slot 1

Macro

>

Easy

Q107:

Capital Receipts

Tax Revenue

Revenue Receipts

Non-tax Revenue

Correct Answer

Option 3

Correct Answer

Explanation →

Q108:

CUET Economics 2023 Slot 1

Macro

>

Medium

Q108:

(A), (B), (C) and (D) Only

(B), (C) and (D) Only

(C) and (D) Only

(A) and (D) Only

Correct Answer

Option 2

Correct Answer

Explanation →

Q109:

CUET Economics 2022 Slot 5

Macro

>

Medium

Q109:

(C) and (E) only

(B) and (D) only

(A) and (E) only

(A) and (C) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q110:

CUET Economics 2022 Slot 5

Macro

>

Medium

Q110:

Indirect Tax

Paper Tax

Cess

Value added Tax

Correct Answer

Option 2

Correct Answer

Explanation →

Q111:

CUET Economics 2022 Slot 4

Macro

>

Easy

Q111:

Economic stability

Redistribution of income

Reallocation of resources

Reducing regional disparities

Correct Answer

Option 2

Correct Answer

Explanation →

Q112:

CUET Economics 2022 Slot 4

Macro

>

Medium

Q112:

5%

10%

12%

2%

Correct Answer

Option 4

Correct Answer

Explanation →

Q113:

CUET Economics 2022 Slot 4

Macro

>

Medium

Q113:

To increase grants given to the State Government

To increase the subsidy

To increase taxation

To increase government administrative expenses

Correct Answer

Option 3

Correct Answer

Explanation →

Q114:

CUET Economics 2022 Slot 4

Macro

>

Easy

Q114:

Economic Stability

Focus on growth and infrastructure

Reduction of inequalities

Encouragement to save more

Correct Answer

Option 2

Correct Answer

Explanation →

Q115:

CUET Economics 2022 Slot 4

Macro

>

Easy

Q115:

(A) and (B) only

(A), (B) and (C) only

(B) and (C) only

(B) and (D) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q116:

CUET Economics 2022 Slot 4

Macro

>

Medium

Q116:

Rs. 39,44,909

Rs. 22,83,713

Rs. 18,84,311

Rs. 16,61,196

Correct Answer

Option 4

Correct Answer

Explanation →

Q117:

CUET Economics 2022 Slot 4

Macro

>

Medium

Q117:

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

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

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

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

Correct Answer

Option 1

Correct Answer

Explanation →

Q118:

CUET Economics 2022 Slot 4

Macro

>

Easy

Q118:

The lowest percentage-wise increase in allocation is seen for the Ministry of Jal Shakti

The highest percentage-wise increase in allocation is seen for the Ministry of Communications

The budget has relied heavily on loans from the National Small Savings Fund

The government has not done well in collection of tax revenues

Correct Answer

Option 2

Correct Answer

Explanation →

Q119:

CUET Economics 2022 Slot 3

Macro

>

Easy

Q119:

Gift Tax

Income Tax

Capital Gains Tax

Goods and Services Tax (GST)

Correct Answer

Option 4

Correct Answer

Explanation →

Q120:

CUET Economics 2022 Slot 3

Macro

>

Easy

Q120:

Rivalrous but non excludable

Non-rivalrous and non excludable

Non-rivalrous but excludable

Rivalrous and excludable

Correct Answer

Option 2

Correct Answer

Explanation →

Q121:

CUET Economics 2022 Slot 3

Macro

>

Easy

Q121:

Reallocation of resources

Redistribution of income

Bringing economic stability

Reducing fluctuations in the general price level

Correct Answer

Option 1

Correct Answer

Explanation →

Q122:

CUET Economics 2022 Slot 3

Macro

>

Easy

Q122:

Revenue Deficit

Fiscal Deficit

Primary Deficit

Budgetary Deficit

Correct Answer

Option 3

Correct Answer

Explanation →

Q123:

CUET Economics 2022 Slot 3

Macro

>

Medium

Q123:

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

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

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

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

Correct Answer

Option 3

Correct Answer

Explanation →

Q124:

CUET Economics 2022 Slot 2

Macro

>

Medium

Q124:

(A), (C), (D) only

(C), (D), (E) only

(B), (C), (E) only

(A), (D), (E) only

Correct Answer

Option 3

Correct Answer

Explanation →

Q125:

CUET Economics 2022 Slot 2

Macro

>

Easy

Q125:

Current transfers received from foreign countries

Borrowing from IMF

Profits and dividends of public sector enterprises

GST collection of Central government

Correct Answer

Option 2

Correct Answer

Explanation →

Q126:

CUET Economics 2022 Slot 2

Macro

>

Easy

Q126:

Direct tax

Indirect tax

VAT

GST

Correct Answer

Option 2

Correct Answer

Explanation →

Q127:

CUET Economics 2022 Slot 2

Macro

>

Easy

Q127:

5%

12%

25%

28%

Correct Answer

Option 3

Correct Answer

Explanation →

Q128:

CUET Economics 2022 Slot 2

Macro

>

Easy

Q128:

The least expensive rate of tax or exemption is applied to essential item

One percent increase in 5% GST slab will yield Rs 50,000 crores annually

Gold and jewellery attract 5% tax

GST council decides the charges in tax slabs of GST

Correct Answer

Option 3

Correct Answer

Explanation →

Q129:

CUET Economics 2022 Slot 2

Macro

>

Easy

Q129:

Fuel

Gold ornaments

Packaged food items

Luxury and sin goods

Correct Answer

Option 3

Correct Answer

Explanation →

Q130:

CUET Economics 2022 Slot 2

Macro

>

Easy

Q130:

Centre Government

States

Ministry of Finance

RBI

Correct Answer

Option 2

Correct Answer

Explanation →

Q131:

CUET Economics 2022 Slot 1

Macro

>

Easy

Q131:

Capital expenditure

Revenue expenditure

Revenue receipt

Capital receipt

Correct Answer

Option 1

Correct Answer

Explanation →

Q132:

CUET Economics 2022 Slot 1

Macro

>

Medium

Q132:

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

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

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

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

Correct Answer

Option 2

Correct Answer

Explanation →

Q133:

CUET Economics 2022 Slot 1

Macro

>

Easy

Q133:

Capital receipt.

Revenue receipt.

Private good.

Public good.

Correct Answer

Option 4

Correct Answer

Explanation →

Q134:

CUET Economics 2022 Slot 1

Macro

>

Medium

Q134:

Increase in capital expenditure.

Decrease in capital expenditure.

Increase in capital receipt.

Decrease in capital receipt.

Correct Answer

Option 3

Correct Answer

Explanation →

Q135:

CUET Economics 2022 Slot 1

Macro

>

Medium

Q135:

Government has made provision to provide clean drinking water to households.

Productivity Enhancement is one of the top focus of the budget 2022- 23.

Government has increased disinvestment to finance the deficit in FY 2022-23.

Income from digital asset transfers will be taxable at 30%.

Correct Answer

Option 3

Correct Answer

Explanation →

CUET Economics Macro > Government Budget PYQs

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