Government Budget
Quiz by Chetna Thakkar
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20 questions
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- Q11. What is a government budget?b) A plan for the borrowing and lending by the governmentd) A statement of the government's monetary policya) An annual statement of the government's receipts and expendituresc) A plan for the distribution of wealth among citizens30s
- Q22. Which of the following is NOT a component of the government budget?c) Trade Budgetb) Capital Budgeta) Revenue Budgetd) Finance Budget30s
- Q33. What is a fiscal deficit?a) The excess of total expenditure over total receipts excluding borrowingsd) The excess of total expenditure over total revenuec) The excess of revenue expenditure over revenue receiptsb) The excess of total revenue over total expenditure30s
- Q44.Which of the following is an example of a direct tax?c) Income Taxd) Sales Taxb) Customs Dutya) Goods and Services Tax (GST)30s
- Q55. What is the primary objective of the government budget?c) To allocate resourcesb) To increase government spendingd) To increase taxesa) To control inflation30s
- Q66. Which of the following is considered a capital receipt?b) Interest receiveda) Taxesc) Borrowingsd) Grants30s
- Q77. What is revenue expenditure?d) Expenditure on investmentc) Expenditure on loan repaymentsa) Expenditure on acquiring assetsb) Expenditure on day-to-day running of the government30s
- Q88. What is the difference between revenue receipts and revenue expenditure known as?b) Primary Deficitd) Budget Deficitc) Revenue Deficita) Fiscal Deficit30s
- Q99. Which of the following is a non-tax revenue receipt?a) Corporate taxd) Excise dutiesb) Custom dutiesc) Dividends from public enterprises30s
- Q1010. Which of the following is NOT a part of the capital budget?a) Loans and advances grantedc) Salaries of government employeesb) Disinvestment proceedsd) Expenditure on infrastructure30s
- Q1111. What does a balanced budget imply?a) Total expenditure exceeds total receiptsb) Total receipts exceed total expenditurec) Total expenditure equals total receiptsd) None of the above30s
- Q1212. Which of the following is an example of capital expenditure?d) Pension paymentsa) Interest paymentsc) Construction of a schoolb) Subsidies30s
- Q1313. What is a primary deficit?c) Total expenditure minus total receiptsd) Fiscal deficit plus interest paymentsa) Fiscal deficit minus interest paymentsb) Revenue deficit minus capital expenditure30s
- Q1414. Which body is responsible for the preparation of the Union Budget in India?a) Reserve Bank of Indiad) Comptroller and Auditor Generalc) Ministry of Financeb) Planning Commission30s
- Q1515. Which of the following best describes 'public debt'?a) Total amount borrowed by the governmentd) Total expenditure by the governmentc) Total revenue collected by the governmentb) Total amount lent by the government30s