201: Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament ?
(a) Department of Economic Affairs
(b) Department of Financial Services
(c) Department of Expenditure
(d) Department of Revenue
Explanation:
The Union Budget of India, referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is the annual budget of the Republic of India, presented each year on the last working day of February by the Finance Minister of India in Parliament
Department of Economic Affairs is known to be the nodal agency of Union Government and works under the Rights to Information (RTI) Act. The main activity of the department is to prepare the Union Budget annually, except the railway budget. It also formulates and monitors the internal and external aspects of the economic life of the country.
202: With reference to Government of India's decisions regarding Foreign Direct Investment (FDI) during the year 2001- 02, consider the following statements:
1. Out of the 100% FDI allowed by India in tea sector, the foreign firm would have to disinvest 33% of the equity in favour of an Indian partner within four years.
2. Regarding the FDI in print media in India, the single largest Indian shareholder should have a holding higher than 26%
Which of these statements is/are correct?
(a) Only 1
(b) Only 2
(c) Both 1 and 2
(d) Neither 1 nor 2
Explanation:
FDI was allowed upto 26% in the print media in India. In tea sector, the foreign firm would have to disinvest 26% of the equity in favour of an Indian partner within 5 years.
203: Consider the following statements
1. The Fiscal Responsibility and Budget Management (FRBM) Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) government by 2023, comprising 40% for the Central Government and 20% for the State Governments.
2. The Central Government has domestic liabilities of 21% of GDP as compared to that of war of GDP of the State 2 Governments.
3. As per the Constitution of India, it is mandatory for a State to take the Central Governments consent for raising any loan if the former owes any outstanding liabilities to the latter.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
204: For artificial insemination the semen of a bull should be stored in:
(a) Cold water
(b) Ice
(c) Liquid nitrogen
(d) Liquid oxygen
205: Which one of the following sets of commodities are exported to India by arid and semi-arid countries in the Middle East ?
(a) Raw wool and carpets
(b) Fruits and palm oil
(c) Precious stones and pearls
(d) Perfume and coffee
Explanation:
Fruits and palm oil are exported to India by arid and semi-arid countries in the Middle East.