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IBPS Clerk Government Budget — practice questions

Explore 4 free Government Budget questions in IBPS Clerk Financial Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Government Budget questions and exercises with answers

Showing questions 1–4 of 4.

Match each budgetary deficit metric with its mathematical calculation:Read the answer and worked solution →Match each government receipt type with its fiscal classification:Read the answer and worked solution →Match each constitutional fund of India with its governing Article:Read the answer and worked solution →Match each budget expenditure category with its socioeconomic purpose:Read the answer and worked solution →

Worked practice questions

Match each budgetary deficit metric with its mathematical calculation:

  1. 1-A, 2-B, 3-C
  2. 1-B, 2-A, 3-C
  3. 1-C, 2-B, 3-A
  4. 1-A, 2-C, 3-B
Show answer and solution

Correct answer: A. 1-A, 2-B, 3-C

Fiscal deficit is total borrowing need, Revenue deficit is revenue gap, Primary deficit subtracts interest.

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Match each government receipt type with its fiscal classification:

  1. 1-A, 2-B, 3-C
  2. 1-B, 2-A, 3-C
  3. 1-C, 2-B, 3-A
  4. 1-A, 2-C, 3-B
Show answer and solution

Correct answer: A. 1-A, 2-B, 3-C

Taxes are revenue receipts, disinvestment reduces assets (capital), borrowings create debt (capital).

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Match each constitutional fund of India with its governing Article:

  1. 1-A, 2-B, 3-C
  2. 1-B, 2-A, 3-C
  3. 1-C, 2-B, 3-A
  4. 1-A, 2-C, 3-B
Show answer and solution

Correct answer: A. 1-A, 2-B, 3-C

Consolidated fund is 266(1), Public account is 266(2), Contingency fund is 267.

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More Financial Awareness topics

Banking AbbreviationsFinancial RegulatorsFinancial InstitutionsDeposit Insurance