Indian Budget 2017-18 Important Questions for APPSC Panchayat Secretary

1. Budget 2017-18 contains 3 major reforms. They are ____
a) Budget Advancement to 1st February
b) Merger of Railway Budget
c) Removal of Plan and Non Plan classification of expenditure
d) All of the above

2. The Budget 2017-18 estimates of Total Expenditure is _____________crores.
a) 2146735
b) 1836934
c) 309801
d) 1201657

3. The Budget 2017-18 estimates of Total Expenditure on Revenue Account is ___crores.
a) 2146735
b) 1836934
c) 309801
d) 1201657

4. The Budget 2017-18 estimates of Total Expenditure on Capital Account is ______crores.
a) 2146735
b) 183693
c) 309801
d) 1201657

5. Total Tax Revenue (Net to Centre) is ______ crores as per the Budget 2017-18 estimates.
a) 1515771
b) 1836934
c) 1227014
d) 1201657

6. The Budget 2017-18 estimates of Fiscal Deficit is ________%
a) 3.2
b) 1.9
c) 0.7
d) 0.1

7. The Budget 2017-18 estimates of Revenue Deficit is ______%
a) 3.2
b) 1.9
c) 0.7
d) 0.1

8. Once the prescribed period for the discussion on Demands for Grants is over, the Speaker of Lok Sabha puts all the outstanding Demands for Grants, whether discussed or not, to the vote of the House. This process is popularly known as ____
a) Re-appropriations
b) Cut Motions
c) Guillotine
d) Outcome Budget

9. The Fiscal Deficit minus Interest Payments is equal to _____
a) Primary Deficit
b) Secondary Deficit
c) Revenue Deficit
d) Capital Deficit

10. The process of Outcome Budget for every Ministry started from fiscal year ______
a) 2004-05
b) 2005-06
c) 2006-07
d) 2007-08

11. In 2017-18 Budget, highest portion of revenue for the Union is generated from ____
a) Income Tax
b) Union Excise Duties
c) Service Tax
d) Borrowings and Other Liabilities

12. In 2017-18 Budget, among the following, the highest portion of expenditure is spent on ____
a) Subsidies
b) Interest Payments
c) Other Expenditure
d) Defence

13. The difference between the Revenue Receipts plus Nondebt Capital Receipts (NDCR) and the Total Expenditure is known as _________________
a) Revenue Deficit
b) Effective Revenue Deficit
c) Primary Deficit
d) Fiscal Deficit

14. The difference between Revenue Deficit and Grants for creation of Capital Assets is known as _______________
a) Revenue Deficit
b) Effective Revenue Deficit
c) Primary Deficit
d) Fiscal Deficit