The 'Union Budget' is presented in Parliament by the: MCQ with Answer and Explanation

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The 'Union Budget' is presented in Parliament by the:

A. President

B. Finance Minister

C. Prime Minister

D. Finance Secretary

Answer: Option B

Solution (By JKSSB Mock Tests)

The Union Budget is presented by the Finance Minister.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The Marginal Standing Facility allows banks to borrow overnight from RBI:

A. without any collateral

B. against foreign currency

C. against approved government securities

D. against corporate bonds

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Correct Answer: Option C

Explanation:
MSF allows banks to borrow overnight from the RBI against approved government securities.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on sale of under-construction residential non-affordable housing is:

A. 5% without ITC

B. 18%

C. 12%

D. 1%

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Correct Answer: Option A

Explanation:
Non-affordable residential under-construction property attracts 5% GST without ITC.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'C2 cost' in agriculture includes A2 plus family labour plus:

A. only fertilizer cost

B. only pesticide cost

C. interest on land and fixed capital

D. only seed cost

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Correct Answer: Option C

Explanation:
C2 cost includes A2 plus family labour plus interest on land and fixed capital.

This question belongs to: Economy GK Economy Set 1

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