Under which of the following circumstances may 'Capital gains' arise?
$1.$ When there is an increase in the sales of a product.
$2.$ When there is a natural increase in the value of the property owned.
$3.$ When you purchase a painting, there is growth in its value due to an increase in its popularity.
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Concerning the Union Budget, which of the following is/are covered under Non-Plan Expenditure?
$1.$ Defence expenditure
$2.$ Interest payments
$3.$ Salaries and pensions
$4.$ Subsidies
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With reference to the Union Government, consider the following statements:

1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the Parliament.

2. No amount can be withdrawn from the Consolidated Fund of India without the authorization from the Parliament of India.

3. All the disbursements made from Public Account also need the authorization from the Parliament of India.

Which of the statements given above is/are correct?

With reference to the Fourteenth Finance Commission:

1. It has increased the share of States in the central divisible pool from 32 percent to 42 percent.

2. It has made recommendations concerning sector specific grants.

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Which of the following is/are included in the capital budget of the Government of India?
$1.$ Expenditure on acquisition of assets like roads, buildings, machinery, etc.
$2.$ Loans received from foreign governments.
$3.$ Loans and advances granted to the States and Union Territories.
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There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit?
$1.$ Reducing revenue expenditure
$2.$ Introducing new welfare schemes
$3.$ Rationalizing subsidies
$4.$ Reducing import duty
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With reference to 'Financial Stability and Development Council' consider the following statements:

1. It is an organ of NITI Aayog.

2. It is headed by the Union Finance Minister.

3. It monitors macro prudential supervision of the economy.

Which of the statements given above is/are correct?

What is/are the purpose of the Government's 'Sovereign Gold Bond Scheme' and 'Gold Monetization Scheme'?
$1.$ To bring the idle gold lying with Indian households into the economy.
$2.$ To promote FDI in the gold and jewellery sector.
$3.$ To reduce India's dependence on gold imports.

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