TSPSC Group I · General Studies
Indian Economy, Economic Planning, Budget, Banking, Finance, Agricultural and Industrial Development
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Q1 · Economic Development · EASY
In the context of inclusive economic growth, what does the term 'financial inclusion' primarily aim to achieve?
Q2 · Economic Development · MEDIUM
Which of the following committees recommended the adoption of a Fiscal Responsibility and Budget Management (FRBM) framework in India?
Q3 · Economic Development · MEDIUM
Which of the following statements regarding India's Goods and Services Tax (GST) is/are correct? 1. GST is a destination-based tax levied on the consumption of goods and services. 2. Petroleum products are currently included under the GST regime. 3. The GST Council is a constitutional body. Select the correct answer using the codes given below:
Q4 · Economic Development · HARD
Consider the following statements about the Fiscal Responsibility and Budget Management (FRBM) Act: 1. It mandates the elimination of revenue deficit and reduction of fiscal deficit. 2. The Act provides for annual targets to be set by the Finance Minister. 3. The FRBM Review Committee recommended a debt-to-GDP ratio of 60% for the general government by 2023. Which of the statements given above is/are correct?