Economics Practice Quiz 105

Q1.What is the main source of revenue for the government to fund public facilities?

A. Foreign aid B. Taxes collected from the people C. Sale of natural resources D. Borrowing from international banks

Q2.According to the Union Budget 2024-25 data in the source, what is the largest expenditure item for the central government?

A. Defence B. Interest Payments C. Subsidies D. Pensions

Q3.What percentage of the central government's expenditure in 2024-25 is allocated to Subsidies?

A. 4% B. 6% C. 8% D. 16%

Q4.How does the government meet the expenses of supplying water?

A. Only through taxes B. Only by charging a price for water C. Partly from taxes and partly by charging a price for water D. Through donations and grants

Q5.In the Union Budget 2024-25, what is the combined percentage for Central Sector Scheme and Centrally Sponsored Scheme?

A. 16% B. 24% C. 8% D. 32%

Q6.Why does the government charge a higher rate for greater use of water?

A. To discourage wastage of water B. To increase government revenue C. To subsidize industrial use D. To promote water conservation

Q7.What is the main form of public transport over short distances?

A. Metro rail B. Buses C. Taxis D. Auto-rickshaws

Q8.How much was spent from the government budget for the construction of the first segment of the metro-rail in Delhi?

A. Rs 1,100 crore B. Rs 11,000 crore C. Rs 110 crore D. Rs 1,10,000 crore

Q9.What could have been a better alternative to the massive expenditure on metro rail?

A. Building more roads B. Upgrading the public bus system C. Constructing airports D. Developing water supply systems

Q10.What percentage of the Central Government's rupee comes from borrowings and other liabilities according to the Union Budget 2024-25?

A. 28% B. 19% C. 18% D. 17%

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Economics Practice Quiz 105