Government Budgeting

Which of the following is a non tax eceipts?

• Gift tax

• sale tax

• Donations

• Excise duty

Which of the fololowing are the objective of government budget?

• Distrtibution of Income nd wealth

• Economic stability

• GDP growth

• all of these

Ptrogressive tax is a tax whch 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

Which of the following is a part of the revenue expenditure in the indian government budget?

• Intreast payment

• Defence Purchase

• Wage bill of the Government

• All of these

Capital receipts is that receipts of the Government-

• creats a liability

• reduce the assets

• Both (1) and (2)

• none

Which of the following are capital receipts of the Government?

• Recovery of loan

• Borrowings

• Disinvestment

• all of these

Deficit budget refers to that situation in which governments budget expenditure is -

• less than its budget receipts

• more than its budget receipts

• equal its budget receipts

• none of these

Fiscal deficit =

• Total expenditure - total receipts other than borrowing

• revenue expenditure - revenue receipts

• capital expenditure - capital receipts

• fiscal deficit - intrest payment

In which of the following ways , can deficit in budget be financed?

• Borrowings from RBI

• Borrowing from public

• Borrowing from IMF

• all of the above