The 'Economic Survey' is tabled in Parliament before the: MCQ with Answer and Explanation

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The 'Economic Survey' is tabled in Parliament before the:

A. Union Budget

B. Railway Budget

C. Monsoon Session

D. Winter Session

Answer: Option A

Solution (By JKSSB Mock Tests)

The Economic Survey is tabled just before the Union Budget.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Input Tax Credit' under GST is available for:

A. goods and services used for business purposes

B. personal consumption

C. exempt supplies only

D. all goods and services

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Correct Answer: Option A

Explanation:
Input tax credit is available for inputs used for business purposes.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is included in the current account of the Balance of Payments?

A. Trade in goods and services

B. Foreign direct investment

C. External commercial borrowing

D. NRI deposits

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Correct Answer: Option A

Explanation:
The current account includes trade in goods and services, income and current transfers.

This question belongs to: Economy GK Economy Set 1

Question #3

Interest payment on government debt is classified as:

A. capital expenditure

B. revenue expenditure

C. plan expenditure

D. non-tax revenue

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Correct Answer: Option B

Explanation:
Interest payment on debt is a recurring revenue expenditure.

This question belongs to: Economy GK Economy Set 1

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