RankSheet
UPSC 2011 • Q1Indian Economy & Socio-Economic DevelopmentMediumCA / Outdated
Fiscal Policy, Union Budget & Taxation System
In the Union Budget 2011-12, a full exemption from the basic customs duty was extended to the bio-based asphalt (bioasphalt). What is the importance of this material? 1. Unlike traditional asphalt, bio-asphalt is not based on fossil fuels. 2. Bioasphalt can be made from non-renewable resources. 3. Bioasphalt can be made from organic waste materials. 4. It is eco-friendly to use bioasphalt for surfacing of the roads. Which of the statements given above are correct?
Practise this topic →
Asked 22 times in 2017–2026Practise 10 more questions on Fiscal Policy, Union Budget & Taxation System, free.
Practise this topic →
Next (Q2)
Consider the following: 1. Carbon dioxide 2.…

More Official Questions on Fiscal Policy, Union Budget & Taxation System

All Indian Economy & Socio-Economic Development→

Which one of the following statements appropriately describes the "fiscal stimulus"?

UPSC 2011•Q8•Medium
View →

Which one of the following is not a feature of "Value Added Tax"?

UPSC 2011•Q16•Medium
View →

What is the difference between "vote-on-account" and "interim budget"? 1. The provision of a "vote-on-account" is used by a regular Government, while an "interim budget" is a provision used by a caretaker Government. 2. A "vote-on-account" only deals with the expenditure in Government's budget, while an "interim budget" includes both expenditure and receipts. Which of the statements given above is/are correct?

UPSC 2011•Q74•Medium
View →

Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)? 1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt. 2. The Government no longer intends to retain the management control of the CPSEs. Which of the statements given above is/are correct?

UPSC 2011•Q85•Medium
View →

Want to practice questions on Fiscal Policy, Union Budget & Taxation System?

Test your conceptual grasp with instant topic-wise micro-drills from RankSheet's 65,000+ curated question bank.

Launch Topic Practice Drill