Prelims Power Play

29th March, 2020

Santosh Sir
All 6 CSE Prelims Qualified

If I can do it, you can too

asksantoshsir@gmail.com, https://t.me/asksantoshsir

1. Centre can exceed annual fiscal deficit target under FRBM Act citing which of
the following grounds

1. National calamity

2. Structural reforms

3. National Security

4. War

Select the correct answer using the cod given below.

(a) 1 and 4 only

(b) 1 and 2 only

(c) 1 and 3 only

(d) 1, 2, 3 and 4
2. Consider the following statements regarding FRBM Act

1. It has made mandatory for the Central government to take measures to reduce
fiscal deficit to 3% of GDP and to eliminate revenue deficit.

2. Act prohibits borrowing by the government from the Reserve Bank of India,
thereby, making monetary policy independent of fiscal policy

Which of the statements given above is/are correct?

(a) 1 only

(b) 2 only

(c) Both 1 and 2

(d) Neither 1 nor 2

3. Which of the following documents are to be presented by the central

government to the Parliament under FRBM Act
1. Macro-Economic Framework Statement
2. Medium-Term Fiscal Policy
3. Fiscal Policy Strategy Statement
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 1 and 3 only
(c) 3 only
(d) 1, 2 and 3
4. Recently Iran witnessed death due to which of the following chemical
(a) Ethanol
(b) Methanol
(c) Glycerol
(d) Glycol

5. Consider the following statements regarding PM National Relief Fund

1. It is constituted under an act of the Parliament.
2. It gets budgetary support.
3. It accepts voluntary contributions from individuals only
Which of the statements given above is/are incorrect?
(a) 1 only
(b) 2 only
(c) 3 only
(d) 1, 2 and 3