UPSC IAS 2018 PRELIMS PRACTICE QUESTIONS : DAY 19/60 SAMVEG IAS

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UPSC IAS 2018 PRELIMS PRACTICE QUESTIONS : DAY 19/60 SAMVEG IAS
 
Q1. The term ‘Tax Expenditure’ means:

  1. Expenditure incurred by the government in collecting taxes.
  2. Total revenue from taxation as percentage of total expenditure of the government.
  3. Revenue foregone by the government due to various exemptions and rebates given on direct and indirect taxes.

Which of the statements given above is/are correct?

  1. 1 and 3 only
  2. 1 only
  3. 3 only
  4. 1, 2 and 3

 
 
Q2. The Committee set up in 2016 to review FRBM Act has recommended, inter alia, that

  1. Fiscal expansion and contraction should be aligned with monetary expansion and contraction.
  2. Total Debt as percentage of GDP should be the principal target for fiscal consolidation.
  3. Primary deficit should replace fiscal deficit as a major indicator.

Which of the statements given above is/are correct?

  1. 2 only
  2. 1 and 2 only
  3. 1, 2 and 3
  4. 2 and 3

 
Q3. Which of the following is/are included in Remittances coming to India?

  1. Salaries brought by Indian residents working abroad to India.
  2. Transfers made by Non-resident Indians to Indian households.
  3. Deposits kept by Non-resident Indians in Indian Banks.
  4. Profits brought by Indian companies from its overseas subsidiary to India.

Select the correct answer using the code given below:

  1. 1 only
  2. 1 and 2 only
  3. 1, 2 and 3 only
  4. 1, 2, 3 and 4

 
Q4. ‘Sterilized intervention’ by the RBI is associated with

  1. Devaluation of currency
  2. Revaluation of currency
  3. Sale of government securities
  4. Purchase of government securities

Select the correct answer using the code given below:

  1. 1 only
  2. 2 only
  3. 1 and 3 only
  4. 2 and 4 only

 
Q5. With reference to the ‘Economic Advisory Council to Prime Minister (EAC-PM)’, sometimes seen in the news, consider the following statements:

  1. It is a constitutional body constituted to give economic advice to the Government of India.
  2. With the resignation of the Prime Minister the EAC-PM also needs to resign.
  3. The Economic Survey which is presented every year in the Parliament is prepared by the EAC-PM.

Which of the statements given above is/are correct?

  1. 1 and 2 only
  2. 2 only
  3. 2 and 3 only
  4. 3 only