Which of the following is ... A government has adopted a contractionary fiscal policy. fiscal policy includes taxation, government spending, and the budget position contractionary policy. D) Interest rates. [3-4 Marks] Answer: Public goods are those goods and services for which consumption by some individuals does not reduce the amount available to others. Follow along in order of the activities shown below. when tax receipts are greater than government spending resulting in exports exceeding imports. 1. Bioaugmentation involves (a) eliminating sludge (b) plants usage for bioremediation (c) addition of microbes to a cleanup site (d) bioventing. C) Unemployment. Fiscal policy is the spending and taxing policies used by Congress and the president to influence and stabilize the economy. It is said to be following dear or contractionary monetary policy. NEET MCQ on Bioremediation PDF:-Download the PDF Here. The term 'micro-finance' frequently appears in newspapers. stagflation is a combo of? I want more MCQ for departmental examination on chapter like Public debt,Public expenditure Public budget,balanced budget, fiscal policy, … Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. The fiscal policy variables considered in the study include government gross fixed capital formation, tax expenditure and government consumption expenditure as well as budget deficit. Fiscal consolidation is one of the objectives of India's economic policy. Economic Development in Historical Perspective: 27. It is mandated by the Fiscal Responsibility and Budget Management Act, 2003. M ULTIPLE C HOICE Q UESTIONS T ESTBANK – C HAPTER 14 Go to memorandum Answer the following questions by selecting the appropriate answer from the list below. The Nature and Purpose of Financial Management. On the other hand, Monetary Policy brings price stability. contractionary fiscal policy includes. Fiscal policy includes- 1) Taxation 2) Public debt 3) Public expenditure etc. Edit. _____ policy refers to policy measure taken by RBI to control & regulate money supply a) Credit b) Monetary c) Fiscal d) Financial 28. FDI includes mergers and acquisitions, construction of new facilities, intra-company loans and reinvesting profits from foreign operations. (b) Implications of fiscal deficit: (i) Causes Inflation: An important component of government borrowing includes borrowing from the Reserve Bank of India. Answer the following questions by selecting the appropriate answer from the list below. A) the latter includes cash held by commercial banks and the U.S. Treasury. The Medium-term Fiscal Policy Statement is presented as part of the General Budget. a) Monetary policy b) Fiscal policy c) Trade policy d) Exchange rate policy 27. I. Money overcomes the problem of a double coincidence of wants inherent in the barter system through its function as a: medium of exchange. The text also includes many current … The concept of functional finance was developed by: a) J.M. Appeared in Year: 2013. Given below are important MCQs on Foreign Direct Investment to analyse your understanding of the topic. increasing govt expenditures. Keynes b) A.P. (v) Fiscal deficit for the year 2012-2013 is 4,89,890 crore which is 4.9% of GDP. Costs , Supply And Perfect Competition: 26. MCQ Who is the fiscal agent and advisor to the government in monetary and financial matters? C. standard of deferred payment. Natural Resources - Sustainable Development: 29. Principles of Economics by OpenStax plus MCQ, Essay Questions & Key Terms Principles of Economics covers scope and sequence requirements for a two-semester introductory economics course. mcq. Theories of Economic Development: 30. Roots of Modern Macroeconomics: 31. See Issue 15 below. 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