The 'outcome budget' presents: MCQ with Answer and Explanation

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The 'outcome budget' presents:

A. only financial outlays

B. only capital receipts

C. only revenue receipts

D. expected outcomes of government programmes

Answer: Option D

Solution (By JKSSB Mock Tests)

An outcome budget links financial outlays with expected outcomes of government schemes.

This question belongs to: Economy GK Economy Set 1

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Question #1

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A tariff is a:

A. ban on exports

B. quantitative limit on imports

C. subsidy given to exporters

D. tax imposed on imported goods

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Correct Answer: Option D

Explanation:
A tariff is a tax imposed on imported goods.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Pradhan Mantri Annadata Aay Sanrakshan Abhiyan' is a scheme for:

A. crop insurance

B. irrigation

C. ensuring remunerative prices to farmers

D. fertilizer subsidy

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Correct Answer: Option C

Explanation:
PM-AASHA aims to ensure remunerative prices to farmers through price support, price deficiency payment and private procurement.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax (Compensation to States) Act' was passed in which year?

A. 2017

B. 2018

C. 2016

D. 2015

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Correct Answer: Option A

Explanation:
The GST Compensation to States Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

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