Which of the following is NOT a component of the Union Budget of India? MCQ with Answer and Explanation

Which of the following is NOT a component of the Union Budget of India?
A. Finance Bill
B. Capital Budget
C. Revenue Budget
D. Monetary Policy Statement
Answer: Option D
Solution (By JKSSB Mock Tests)
The Monetary Policy Statement is issued by the RBI. The Union Budget consists of the Revenue Budget, Capital Budget and related documents including the Finance Bill.

Discuss this Question (0)

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

Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of the 'Life-Cycle Hypothesis' of consumption?
A. Saving is independent of age
B. Individuals plan consumption over their entire lifetime
C. Consumption depends only on current income
D. Only permanent income matters and age is irrelevant

Correct Answer: Option B


Explanation:
The life-cycle hypothesis, associated with Modigliani, posits that individuals smooth consumption over their lifetime by saving during working years and dissaving during retirement.

This question belongs to: Economy GK Economy Set 1
Question #2
Unified Payments Interface enables:
A. only cheque clearing
B. only government payments
C. instant interbank transfer using a virtual payment address
D. only credit card payments

Correct Answer: Option C


Explanation:
UPI enables instant interbank transfers through virtual payment addresses using mobile devices.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'United Nations' has how many member states?
A. 220
B. 200
C. 193
D. 150

Correct Answer: Option C


Explanation:
The United Nations has 193 member states.

This question belongs to: Economy GK Economy Set 1