Government Budget

Government Budget

Assessment

Flashcard

Other

12th Grade - Professional Development

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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17 questions

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1.

FLASHCARD QUESTION

Front

A Govt. Budget is prepared for a fiscal year running from:
1st January to 31st December
1st April to 31st December
1st April to 31st March
1st January to 30th April

Back

1st April to 31st March

2.

FLASHCARD QUESTION

Front

Direct tax is called direct because it is collected directly from:

Back

The income earners

3.

FLASHCARD QUESTION

Front

Which of the following is an indirect tax? Corporation tax, Value Added tax, Income tax, Wealth tax

Back

Value Added tax

4.

FLASHCARD QUESTION

Front

Pension payment is an example of:

Back

Revenue expenditure

5.

FLASHCARD QUESTION

Front

Subsidies are an example of: Revenue expenditure, Capital expenditure, Plan expenditure, None of them

Back

Revenue expenditure

6.

FLASHCARD QUESTION

Front

Which out of the following is a non-developmental expenditure? Scientific research, Social Welfare, Administration, None of them

Back

Administration

7.

FLASHCARD QUESTION

Front

Repayment of loan is an example of:

Back

Capital expenditure

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