Current set CAPF · 2013 Q125

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Q125 (CAPF/2013) Economy › Government Finance & Budget › Government Finance & Budget

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.

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 : 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.

Statement I : There has been a sharp decline in savings rate in Indian economy between 2007-2008 to 2015-2016. Statement I : There has been a fall in household and public savings.

With reference to India economy, consider the following statements: 1. The Gross Domestic Product (GDP) has increased by four times in the last 10 years 2. The percentage share of Public Sector in GDP has declined in the last 10 years Which of the statements given above is/are correct?

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 ?