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. plan and non-plan expenditure only

B. mandatory and voluntary expenditure

C. direct and indirect expenditure

D. revenue expenditure and capital expenditure

Answer: Option D

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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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a type of elasticity of demand?

A. Supply elasticity of demand

B. Price elasticity

C. Cross elasticity

D. Income elasticity

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Correct Answer: Option A

Explanation:
Elasticity of demand includes price elasticity, income elasticity and cross elasticity. Elasticity of supply is a separate concept relating to supply response.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Swachh Bharat Mission' consists of two components: rural and:

A. industrial

B. urban

C. agricultural

D. defence

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Correct Answer: Option B

Explanation:
Swachh Bharat Mission has rural and urban components.

This question belongs to: Economy GK Economy Set 1

Question #3

The concept of 'Effective Demand' in Keynesian economics determines:

A. Only the interest rate

B. Only the money supply

C. The level of employment and output

D. Only the price level

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Correct Answer: Option C

Explanation:
According to Keynes, the level of effective demand (where aggregate demand equals aggregate supply) determines the equilibrium level of employment and output.

This question belongs to: Economy GK Economy Set 1

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