Fiscal Policy Quiz

Fiscal policy is related to

• Government policy and procedure

• Government expenditure

• Government revenue and expenditure

• None of the above

Fiscal policy is framed by

• Central bank of a country (SAMA)

• All major industries of the country

• All the banks of the county

• Government of a country

There are how many major components of fiscal policy

• One

• Two

• Three

• Four

Tax imposed by the government on various commodity is know as

• Revenue of the country

• Expenditure of the country

• Money supply

• Money demand

There are how many types of taxes

• One

• Two

• There

• Four

Tax burden transferred to consumer is known as

• Direct tax

• Indirect tax

• Both a and b

• None of these

There are how many types of budget

• One

• Two

• Three

• Four

When revenue is less than the expenditure than this budget is known as

• Deficit budget

• Surplus budget

• Balanced budget

• None of the above

When revenue is more than the expenditure than this budget is known as

• Deficit budget

• Surplus budget

• Balanced budget

• None of the above

When revenue is equals to expenditure than this budget is known as

• Deficit budget

• Surplus budget

• Balanced budget

• None of the above