Government Funds

Q.

What is high-powered money?

Q.

In case of a natural calamity such as an earthquake, money can be withdrawn from the:

1. Public Accounts

2. Contingency Fund of India

3. Consolidated Fund of India

4. Any of the above

Q.

Which of the following funds are not owned by the Government but is only kept by the Government on behalf of the public?

1. Contingency Fund of India

2. None of the above

3. Public Accounts

4. Consolidated Fund of India

Q.

Why are "Subsidies given to the State Government" revenue expenditures?

Q.

Which of the following is the main fund of the government?

1. Consolidated Fund of India

2. Contingency Fund of India

3. Public Accounts

4. Income Tax Accounts

Q. The revenue generated by the government through internal and external loans is ___________.

1. public revenue
2. capital receipts
3. private revenue
4. non-tax revenue

Q. The National Development Fund was created by the Government of India a few years ago. What was the purpose of the fund?
(A) To boost investment in social sector projects to promote education, healthcare, and employment.
(B) To make capital investments in selected profitable PSEs to yield adequate returns.
(C) To fund revision in the pay structure of Central Government employees.

1. Both (A) and (B)
2. Only (B)
3. Only (A)
4. Only (C)

Q. The Reserve Bank of India has recently reduced the repo rate by 50 points. Explain its likely impact on countrys national income.

Q. The government cannot use money from Public Accounts Fund directly.

1. True
2. False

Q. In case of a natural calamity, money can be withdrawn from the Consolidated Fund of India.

1. True
2. False

Q. Contingency Fund of India is the main fund of the government.

1. False
2. True