The 'Fiscal Deficit' in the Union Budget is expressed as a percentage of: MCQ with Answer and Explanation

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The 'Fiscal Deficit' in the Union Budget is expressed as a percentage of:

A. total expenditure

B. revenue receipts

C. total debt

D. Gross Domestic Product

Answer: Option D

Solution (By JKSSB Mock Tests)

Fiscal deficit is conventionally expressed as a percentage of GDP.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Intellectual Property Rights' in India are administered by which department?

A. RBI

B. Ministry of Finance

C. Department for Promotion of Industry and Internal Trade

D. Ministry of Law

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Correct Answer: Option C

Explanation:
IPR policy is administered by DPIIT.

This question belongs to: Economy GK Economy Set 1

Question #2

Nifty is a stock market index of the:

A. Commodity Exchange

B. National Stock Exchange

C. Bombay Stock Exchange

D. Securities and Exchange Board of India

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Correct Answer: Option B

Explanation:
Nifty is the benchmark index of the National Stock Exchange (NSE).

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a major problem of the agricultural sector in India?

A. High productivity across all regions

B. Overabundance of irrigation facilities

C. Fragmentation of land holdings

D. Excessive capital intensity

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Correct Answer: Option C

Explanation:
Fragmentation and subdivision of land holdings is a major structural problem in Indian agriculture, leading to uneconomic farm sizes and low productivity.

This question belongs to: Economy GK Economy Set 1

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