Question : According to Article 112 of the Constitution of India, the Union Budget for a year is called __________.

Option 1: Fiscal Budget

Option 2: Assessment Statement

Option 3: Annual Financial Statement

Option 4: Annual Budget Statement

Question : What are the basic functions of the Public Accounts Committee (PAC)?

Option 1: To examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects.

Option 2: To examine the accounts of stores and stocks.

Option 3: To examine the statement of accounts of autonomous bodies.

Option 4: All the above

Question : Which Bill was passed in the Parliament in 2022 to authorise payment certain sums from and out of the Consolidated Fund of India for the services of the financial year 2022-23?

Option 1: The Finance Bill

Option 2: The Electricity (Amendment) Bill

Option 3: The Appropriation Bill

Option 4: The Wild Life (Protection) Amendment Bill

Question : The density of the population shows:

Option 1: land-capital ratio

Option 2: land-product ratio

Option 3: land-labour ratio

Option 4: man-land ratio

Question : An annual allowance for wear and tear of a capital good is known as______.

Option 1: gross investment

Option 2: devaluation

Option 3: depreciation

Option 4: disinvestment