Effective Revenue Deficit is defined as revenue deficit minus: MCQ with Answer and Explanation

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Effective Revenue Deficit is defined as revenue deficit minus:

A. tax revenue

B. grants for creation of capital assets

C. interest payments

D. non-tax revenue

Answer: Option B

Solution (By JKSSB Mock Tests)

Effective Revenue Deficit is revenue deficit minus grants for creation of capital assets.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The concept of 'Capital Account Liberalisation' involves:

A. Only the liberalisation of trade in goods

B. Only the liberalisation of the current account

C. The removal or relaxation of restrictions on cross-border capital flows

D. The imposition of new capital controls

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Correct Answer: Option C

Explanation:
Capital-account liberalisation refers to the reduction or elimination of legal barriers to the free movement of capital across national borders.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Demands for Grants' are part of:

A. Union Budget

B. foreign trade policy

C. monetary policy

D. stock market

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Correct Answer: Option A

Explanation:
Demands for Grants are part of the Union Budget.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax (Compensation to States) Act' was passed in which year?

A. 2017

B. 2015

C. 2016

D. 2018

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Correct Answer: Option A

Explanation:
The GST Compensation to States Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

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