UPSC 2023 › Indian Economy › Fiscal Policy & Budget

2 questions · 2023 · answers as per the UPSC key

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Consider the following :

  1. Demographic performance
  2. Forest and ecology
  3. Governance reforms
  4. Stable government
  5. Tax and fiscal efforts For the horizontal tax devolution, the Fifteenth Finance Commission used how many of the above as criteria other than population area and income distance?
(a) Only two
(b) Only three
(c) Only four
(d) All five
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Answer: (b) Only three

Consider the following statements : The 'Stability and Growth Pact' of the European Union is a treaty that

  1. limits the levels of the budgetary deficit of the countries of the European Union
  2. makes the countries of the European Union to share their infrastructure facilities
  3. enables the countries of the European Union to share their technologies

How many of the above statements are correct?

(a) Only one
(b) Only two
(c) All three
(d) None
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Answer: (a) Only one