Disinvestment in a public sector enterprise is classified in the government budget as: MCQ with Answer and Explanation

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Disinvestment in a public sector enterprise is classified in the government budget as:

A. revenue expenditure

B. transfer payment

C. revenue receipt

D. capital receipt

Answer: Option D

Solution (By JKSSB Mock Tests)

Disinvestment proceeds are capital receipts as they arise from sale of assets.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is a feature of the 'Ricardian Equivalence Theorem'?

A. Tax cuts financed by debt increase private consumption

B. Only liquidity-constrained agents matter

C. Government debt is always neutral regardless of agents’ behaviour

D. Tax cuts financed by debt do not affect private consumption because agents anticipate future tax liabilities

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Correct Answer: Option D

Explanation:
Ricardian equivalence asserts that, under certain conditions, debt-financed tax cuts do not stimulate consumption because forward-looking agents save the tax cut to pay the future taxes needed to service the debt.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Export-Import Bank of India' was established in which year?

A. 1995

B. 1990

C. 1980

D. 1982

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Correct Answer: Option D

Explanation:
EXIM Bank was established in 1982.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Food Security Act' provides legal entitlement to subsidized food grains to:

A. covered households under priority and Antyodaya categories

B. all citizens

C. only farmers

D. only urban poor

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Correct Answer: Option A

Explanation:
NFSA provides subsidized food grains to priority households and Antyodaya Anna Yojana households.

This question belongs to: Economy GK Economy Set 1

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