The total expenditure of the government is divided into: MCQ with Answer and Explanation

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The total expenditure of the government is divided into:

A. direct and indirect expenditure

B. mandatory and voluntary expenditure

C. revenue expenditure and capital expenditure

D. plan and non-plan expenditure only

Answer: Option C

Solution (By JKSSB Mock Tests)

Total government expenditure is classified into revenue expenditure and capital expenditure.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'MUDRA' loan category 'Tarun' covers loans from:

A. Rs 5 lakh to Rs 10 lakh

B. up to Rs 50,000

C. above Rs 10 lakh

D. Rs 1 lakh to Rs 5 lakh

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Correct Answer: Option A

Explanation:
MUDRA categories are Shishu up to Rs 50,000, Kishor Rs 50,000 to Rs 5 lakh, Tarun Rs 5 lakh to Rs 10 lakh.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on club membership fees is:

A. 12%

B. 0%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Club membership fees attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The International Solar Alliance was launched by India and France to promote:

A. coal energy

B. nuclear energy

C. oil trade

D. solar energy deployment

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Correct Answer: Option D

Explanation:
The International Solar Alliance promotes solar energy deployment.

This question belongs to: Economy GK Economy Set 1

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