The 'disinvestment target' in the Union Budget is classified as: MCQ with Answer and Explanation

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The 'disinvestment target' in the Union Budget is classified as:

A. capital expenditure

B. revenue expenditure

C. capital receipt

D. revenue receipt

Answer: Option C

Solution (By JKSSB Mock Tests)

Disinvestment proceeds are capital receipts.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Economic Survey' in India is published by:

A. Ministry of Finance

B. RBI

C. NSO

D. NITI Aayog

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Correct Answer: Option A

Explanation:
Economic Survey is published by the Ministry of Finance.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on gold in India is:

A. 5%

B. 12%

C. 0%

D. 3%

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Correct Answer: Option D

Explanation:
Gold and jewellery attract 3% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of public economics, the 'Samuelson Condition' for optimal provision of pure public goods states that:

A. The sum of marginal rates of substitution equals the marginal rate of transformation

B. Private provision is always optimal

C. Each individual's marginal rate of substitution equals the marginal cost

D. Only the median voter determines the quantity

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Correct Answer: Option A

Explanation:
The Samuelson condition requires that the sum of the marginal rates of substitution between the public good and a private good across all individuals equals the marginal rate of transformation (marginal cost).

This question belongs to: Economy GK Economy Set 1

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