The 'Full Budget' is presented after the interim budget when: MCQ with Answer and Explanation

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The 'Full Budget' is presented after the interim budget when:

A. elections are complete and the new government takes office

B. the President orders

C. the RBI requests

D. the Supreme Court orders

Answer: Option A

Solution (By JKSSB Mock Tests)

The new government presents a full budget after taking office.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

If MPC is 0.8, the investment multiplier is:

A. 0.8

B. 1.25

C. 5

D. 8

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Correct Answer: Option C

Explanation:
Multiplier = 1/(1 - 0.8) = 1/0.2 = 5.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Interim Budget' is presented when:

A. elections are near or the government is in transition

B. there is a war

C. the government has full term

D. there is a financial emergency

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Correct Answer: Option A

Explanation:
An interim budget is presented before elections or a transition period.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of cost-benefit analysis, a project is considered viable if:

A. Only financial costs are considered without social costs

B. Present value of costs exceeds present value of benefits

C. Present value of benefits exceeds present value of costs

D. Only private benefits are considered

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Correct Answer: Option C

Explanation:
In cost-benefit analysis, a project is economically viable if the present value of its benefits exceeds the present value of its costs (Net Present Value > 0).

This question belongs to: Economy GK Economy Set 1

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