The 'zero-based budgeting' was first introduced in India in the budget of: MCQ with Answer and Explanation

Question
The 'zero-based budgeting' was first introduced in India in the budget of:
A. 2001-02
B. 1991-92
C. 1985-86
D. 1986-87
Answer: Option D
Solution (By JKSSB Mock Tests)
Zero-based budgeting was introduced in the Union Budget 1986-87.
This question belongs to: Economy GK Economy Set 1
Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The concept of 'Purchasing Power Parity' is used primarily for:
A. Measuring unemployment rates
B. Determining domestic interest rates only
C. Comparing the real value of currencies and living standards across countries
D. Calculating fiscal deficit
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
PPP exchange rates equalise the purchasing power of different currencies by eliminating differences in price levels, allowing better comparison of real income and living standards.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a component of the current account of the balance of payments?
A. External commercial borrowings
B. Foreign direct investment
C. Trade in goods and services
D. Portfolio investment
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The current account includes merchandise trade, trade in services, primary income and secondary income (transfers). FDI, portfolio investment and ECBs are capital account items.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'International Poverty Line' of the World Bank is currently set at:
A. USD 10 per day
B. USD 1.00 per day
C. USD 5.50 per day
D. USD 2.15 per day in 2017 PPP
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The World Bank's international poverty line is USD 2.15 per day in 2017 PPP.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Accountancy and Statistics 3179 English 15164 Computer 5279 Geography GK 6121 Reasoning 2064
Practice Mix
Which of the following is the primary reason for the high rainfall in the Eastern Ghats?
In Access, which of the following is a valid way to import data from an Excel spreadsheet?
Find the error: 'She has a beautiful hair.'
The shortcut to open the 'Find' dialog in MS Excel is:
The noun 'news' is singular, so we say: