GK Questions 2024-2025 for IBPS PO Exams - 2

Question: 6

The Minimum Alternative Tax (MAT) was introduced in the budget of the Government of India for the year?

(A) 1996-1997

(B) 1995-1996

(C) 1992-1993

(D) 1991-1992

Question: 7

Current devaluation done by the government leads to which of the following?

(A) Increase in domestic prices

(B) Fall in domestic prices

(C) Irregular fluctuations in domestic prices

(D) No impact on domestic prices

Question: 8

Which of the following is associated with fiscal policy?

(A) Consumption

(B) Money supply

(C) Taxation

(D) Inflation

Question: 9

Fiscal deficit implies

(A) Total expenditure – Disinvestment receipts

(B) Total expenditure – (Revenue receipts + receipts from disinvestment)

(C) Total expenditure – Total receipts

(D) Total expenditure – (Revenue receipts + recovery of loans + receipts from disinvestment)

Question: 10

Fiscal Drag expresses the impact of inflation on which of the following?

(A) Tax Revenue and GDP

(B) Black money

(C) Investment

(D) Fiscal Deficit