Indian Economy-Fiscal Policy in the Indian Context [GATE (Graduate Aptitude Test in Engineering) Economics]: Questions 1 - 3 of 115

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Question 1

Fiscal Policy in the Indian Context
India's Balance of Payments

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

If the demand of the domestic consumers is infinitely elastic and the supply of the foreign producer is perfectly inelastic, then the whole of the tariff will (June)

Choices

Choice (4)Response

a.

Be equally shared by the domestic consumers and the foreign producer

b.

Be paid by the domestic consumers

c.

Yield neither revenue nor protection to either of them

d.

Be paid by the foreign producer

Question 2

Fiscal Policy in the Indian Context
The Fiscal Responsibility and Budget Management Act 2003

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

Which of the following tax is within the jurisdiction of Union or Central Government as enumerated in List – I of Schedule VII of the India Constitution? (June)

Choices

Choice (4)Response

a.

Taxes on luxuries, including entertainments.

b.

Taxes on goods and passengers carried by road.

c.

Taxes on Sales and purchase of newspapers and on advertisement therein.

d.

Taxes on the consumption and sale of electricity.

Question 3

Fiscal Policy in the Indian Context
India's Balance of Payments

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Consider the following items in the balance of payment in India:

I. NRI deposits

II. Remittances

Which among the above is/are a part of the capital account of balance of payments? Answers from the codes below:

Choices

Choice (4)Response

a.

I and II above

b.

Only I above

c.

Only II above

d.

Neither I nor II above

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