Daily Current Affairs (MCQ) | Date 03.02.22

Q1. According to Budget 2022-2023 largest source of Finance for the central government is

a. Income tax
b. Goods and services tax
c. Borrowings and other liabilities
d. Corporation tax

Answer : c

Why is the Question ?

Q2. According to Budget 2022-2023 largest source of expenditure for the central government is

a. Central sector schemes

b. Interest Payments
c. States share of taxes and duties
d. Finance commission and other transfers

Answer : b

Why is the Question ?

Q3. Arranges the following subsidy bills of the central government for Budget 2022-2023 in increasing order

1. Food subsidy
2. Fertiliser subsidy
3. Petroleum Subsidy

Select the correct answer from the codes given below

a. 1, 3, 2
b. 3, 2, 1
c. 2, 3, 1
d. 1, 2, 3

Answer : d

Why is the Question ?

Q4. Which of the following are sources of financing budget deficit?

1. Market Borrowings
2. Securities against Small Savings
3. State Provident Funds
4. Disinvestment proceeds
5. Internal Debts and Public Account
6. External Debt

Select the correct answer from the codes given below

a. 1, 2, 3, 5 and 6
b. 1, 3 and 6
c. 2, 3, 4, and 6
d. 1, 2, 3, 4, 5 and 6

Answer : a

Why is the Question ?