government budget

Which of the following are objectives of budget?

• Reallocation of resources

• Redistribution of income

• Economic stability

• All of these

Which of the following is not non tax revenue receipts of government?

• Excise duty

• Escheat

• Special assessment

• Fees and fines

Recovery of loan is:

• Revenue receipt

• Capital receipt

• Revenue expenditure

• Capital expenditure

Payment of loan is:

• Revenue expenditure

• Capital expenditure

• Revenue receipts

• Capital receipts

When incidence and burden of tax falls on different persons that type of tax is called:

• Direct tax

• Indirect tax

• Regressive tax

• None of these

Construction of school building is:

• Capital expenditure

• Revenue receipts

• Revenue expenditure

• Capital receipts

Which of the following is a non tax eceipts?

• Gift tax

• sale tax

• Donations

• Excise duty

Progressive tax is a tax which is-

• Charged at decreasing rate when income of individual increase

• Charged at increaing rate when income of individual increase

• A fixed percentage of an individual income

• none of these.

Which of following is diret tax?

• Income tax

• Excise duty

• Custom duty

• Sale tax

Capital receipts is that receipts of the Government-

• (1) creates a liability

• (2) reduce the assets

• Both (1) and (2)

• none