The 'effective revenue deficit' was introduced in the budget of which year? MCQ with Answer and Explanation

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The 'effective revenue deficit' was introduced in the budget of which year?

A. 2011-12

B. 2009-10

C. 2008-09

D. 2014-15

Answer: Option B

Solution (By JKSSB Mock Tests)

The concept of effective revenue deficit was introduced in the Union Budget 2009-10.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'gender budgeting' in India refers to:

A. tax on women

B. budget for women only

C. analysis of budget allocations from a gender perspective

D. budget for defence

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Correct Answer: Option C

Explanation:
Gender budgeting involves analyzing government budgets for their impact on women and girls.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'resource curse' hypothesis suggests that countries rich in natural resources:

A. are free from inflation

B. may experience slower growth due to governance and economic distortions

C. have no poverty

D. always grow faster

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Correct Answer: Option B

Explanation:
The resource curse suggests natural resource wealth may lead to slower growth due to various distortions.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'population density' in India is measured as:

A. persons per square kilometre

B. persons per state

C. persons per house

D. persons per village

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Correct Answer: Option A

Explanation:
Population density is persons per square kilometre.

This question belongs to: Economy GK Economy Set 1

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