Current set CDS-II · 2018 Q72

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Q72 (CDS-II/2018) Economy › Government Finance & Budget › Government Finance & Budget

Statement I : The overall fiscal deficit of the States in India during 2017-2018 stayed above the FRBM threshold level of 3 percent for the third successive year. Statement I : Special Category States had run up a higher level of fiscal deficit in 2017-2018 compared to 2016-2017.

A

Both the statements are individually true and Statement II is the correct explanation of Statement I

B

Both the statements are individually true but Statement II is not the correct explanation of Statement I

C

Statement I is true but Statement II is false

D

Statement I is false but Statement II is true

SIMILAR QUESTIONS

Statement I : For the three years after 2007-08 Annual Budget in India, there was practically no increase in tax/GDP ratio. Statement I : At the same time, government expenditure jumped noticeably.

Consider the following statements : 1. Tax revenue as a percent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a percent of GDP of India has steadily increased in the last decade. Which of the statements given above is/are correct ?

Suppose the revenue expenditure is ₹ 80,000 crores and the revenue receipts of the Government are ₹ 60,000 crores. The Government budget also shows borrowings of ₹ 10,000 crores and interest payments of ₹6,000 crores. Which of the following statements are correct? I. Revenue deficit is ₹ 20,000 crores. II. Fiscal deficit is ₹ 10,000 crores. III. Primary deficit is ₹ 4,000 crores. Select the correct answer using the code given below.

Statement I : India’s share of world manufacturing output steadily declined during the 19th and the 20th centuries. Statement I : There was no absolute decline in production in India during the colonial rule.

Statement I: Indian economy has experienced slower growth rate during the years 2010-11 and 2011-1 2. Statement II: Indian economy has experienced weakening industrial growth during the period.