Indian Economy Budget Quiz
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Questions and Answers

What are some prevalent economic problems in the Indian economy mentioned in the syllabus?

  • Corruption, lack of infrastructure, foreign debt, technological stagnation
  • Unemployment, environmental degradation, income inequality, trade deficit
  • Poverty, inflation, over-population, growth of service sector, low productivity in agriculture and industrial sectors (correct)
  • Inefficient taxation, lack of education, social unrest, inadequate healthcare

What is the budget?

  • An annual financial statement of yearly estimated receipts and expenditures of the government (correct)
  • An ad-hoc financial plan for emergency situations
  • A quarterly financial report of the government's revenue and spending
  • A monthly summary of the government's financial activities

What is the main purpose of the syllabus?

  • To analyze global economic trends
  • To explore historical economic events
  • To teach advanced economic theories and models
  • To help students understand prevalent economic problems in the Indian economy (correct)

What does budgeting involve?

<p>Estimating the availability of resources and allocating them to various activities (A)</p> Signup and view all the answers

What is the level of understanding required for the topic of budget in the syllabus?

<p>Understanding, Analyzing (D)</p> Signup and view all the answers

What does the budgeting process involve?

<p>The budgeting process involves estimating the availability of resources and then allocating them to various activities according to a plan.</p> Signup and view all the answers

What is the main purpose of the syllabus?

<p>The main purpose of the syllabus is to help students understand economic problems prevalent in the Indian economy and to relate these problems with the economic development of the country.</p> Signup and view all the answers

What is the definition of budget according to the text?

<p>Budget is an Annual Financial Statement of yearly estimated receipts and expenditures of the government in respect of every financial year.</p> Signup and view all the answers

What are some prevalent economic problems in the Indian economy mentioned in the syllabus?

<p>Some prevalent economic problems in the Indian economy mentioned in the syllabus are poverty, inflation, over-population, growth of service sector, and low productivity in agriculture and industrial sectors.</p> Signup and view all the answers

What is the level of understanding required for the topic of budget in the syllabus?

<p>The level of understanding required for the topic of budget in the syllabus is analyzing.</p> Signup and view all the answers

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