Practice Test

An Interim Budget is not the same as a 'Vote on Account'.
1. While a 'Vote on Account' deals only with the expenditure side of the government's budget, an Interim Budget is a complete set of accounts, including both expenditure and receipts.
2. A national interim Budget refers to the budget of a government that is going through a transition period whereas a vote-on-account presents an estimate of expenditures to be sanctioned by the exchequer till the Budget is passed
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JAM-Preparedness Indices for Urban and Rural areas in each state has been formulated .What is difference between JAM-Preparedness Indices and BAPU-Preparedness Index?
1. JAM-Preparedness Indices uses Aadhaar penetration, basic bank account penetration and Banking Correspondents (BC) density as indicators for the indices where as BAPU-Preparedness Index, uses Aadhaar penetration and Point of Sale machines as indicators, for each state and has compared Rural-JAM Preparedness Index with BAPU-Preparedness Index.
2. JAM-Preparedness Indices uses Aadhaar penetration and Point of Sale machines as as indicators for the indices where as, BAPU-Preparedness Index uses Aadhaar penetration, basic bank account penetration and Banking Correspondents (BC) density for each state and has compared Rural-JAM Preparedness Index with BAPU-Preparedness Index.
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Premium Bond is called so because
1. It is a bond that is trading above its par value.
2. investors want a higher yield, and will pay more for it.
3. The size of the premium will decline as the bond approaches maturity.
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