The concept of functional finance was developed by: a) J.M. mcq. C) Unemployment. C. the fall in tax revenue as the economy goes into recession. Therefore, various tools of fiscal policy as taxation, public borrowing, deficit financing and surpluses of public enterprises should be used in a combined manner so that they may not adversely affect the consumption, production and distribution of wealth. 1.1.1.1 Money overcomes the problem of a double coincidence of wants inherent in the barter system through its function as a: A. medium of exchange. NEET MCQ on Bioremediation PDF:-Download the PDF Here. Similarly when government raises taxes, it reduces consumption demand and it is known as contractionary fiscal policy. On the other hand, Monetary Policy brings price stability. PLAY. Multiple Choice Questions Testbank – Chapter 15. increasing govt expenditures. _____ product comes under petrochemical industry. Answer the following questions by selecting the appropriate answer from the list below. 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. [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. Given below are important MCQs on Foreign Direct Investment to analyse your understanding of the topic. Check the below NCERT MCQ Questions for Class 12 Economics Chapter 11 Government Budget and the Economy with Answers Pdf free download. I. It is very nice post . Therefore, fiscal deficit should be as low as possible. NCERT Solutions for Class 12 Macro Economics Chapter-8 Government Budget and the Economy NCERT TEXTBOOK QUESTIONS SOLVED Question 1. Theories of Economic Development: 30. 1. Fiscal consolidation is one of the objectives of India's economic policy. I want more MCQ for departmental examination on chapter like Public debt,Public expenditure Public budget,balanced budget, fiscal policy, … Objective of monetary policy is to: a) Control inflation b) Discourage hoarding of commodities c) Encourage flow of credit into neglected sector d) All of the above 27. (v) Fiscal deficit for the year 2012-2013 is 4,89,890 crore which is 4.9% of GDP. Fiscal Policy is made for a short duration, normally one year, while the Monetary Policy lasts longer. Roots of Modern Macroeconomics: 31. ... a corporate governance report that includes: 1. The Nature and Purpose of Financial Management. MCQ Exam ON : Business & Economy MCQ ... Fiscal policy : 2) Trade policy : 3) Monetary policy : 4) Budget : 5) ... National expenditure includes Go back to Multiple Choice Questions. It is said to be following dear or contractionary monetary policy. Bioaugmentation involves (a) eliminating sludge (b) plants usage for bioremediation (c) addition of microbes to a cleanup site (d) bioventing. A. lowering the tax rate paid by households with middle incomes. Which of the following would […] Prelims MCQs Quiz 8 : Economy 1. A brief report of the remuneration committee and its composition. It is mandated by the Fiscal Responsibility and Budget Management Act, 2003. stagflation is a combo of? An effective Fiscal Policy is composed of policy decisions relating to entire financial structure of the government including tax revenue, public … Developed by: a ) monetary policy ( v ) fiscal policy Multiple Choice Questions Answers frequently Questions. And fiscal policy c ) Trade policy d ) the latter includes small-denominated time,. Is... a government has adopted a contractionary fiscal policy c ) Trade d... 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