The 'Fiscal deficit' is financed by: MCQ with Answer and Explanation

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The 'Fiscal deficit' is financed by:

A. only foreign aid

B. only taxes

C. market borrowings and other liabilities

D. only disinvestment

Answer: Option C

Solution (By JKSSB Mock Tests)

Fiscal deficit is financed through market borrowings and other liabilities.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Ministry of Statistics and Programme Implementation' is responsible for:

A. monetary policy

B. foreign trade

C. official statistics and programme implementation

D. banking regulation

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Correct Answer: Option C

Explanation:
MoSPI handles official statistics and programme implementation.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Consumer Equilibrium' under utility analysis is achieved when:

A. Price is zero

B. MU of a commodity is equal to its price

C. Total utility is zero

D. Marginal utility is maximum

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Correct Answer: Option B

Explanation:
A consumer is in equilibrium when the marginal utility derived from a commodity equals its price (or MU per unit of money is equalised across commodities).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Form 26AS' is an income tax document that shows:

A. stock holdings

B. salary only

C. bank statements

D. tax deducted and deposited against PAN

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Correct Answer: Option D

Explanation:
Form 26AS shows tax deducted and deposited against a PAN.

This question belongs to: Economy GK Economy Set 1

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