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WorksheetsGovernment budget
Total questions: 20
Worksheet time: 10mins
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
Fiscal deficit is equal to
Direct tax
Interest
Borrowings
All of these
Primary deficit=fiscal deficit_
Loan
Interest payments
Borrowings
None of these
When budget receipts are greater than budget expenditure such type of budget is called:
Balanced budget
Deficit budget
Surplus budget
None of these
Construction of school building is:
Capital expenditure
Revenue receipts
Revenue expenditure
Capital receipts
When revenue expenditure is greater than revenue receipts it is called
Fiscal deficit
Primary deficit
Revenue deficit
None of these
Which bank has sole right of issuing notes
ADB
SBI
RBI
UBI
When money value is equal to commodity value it is called
Fiat money
Credit money
Fiduciary money
Full bodied money
Money supply is
Currency with public
Demand deposits
Other deposits
All of these
Money multiplier is equal to
LRR
CRR
1/LRR
None of these
when any commercial bank is unable to meet financial obligation then it approaches Central Bank for financial accommodation this function of Central Bank is called
Banker of bank
Lander of last resort
Bank of Government
Controller of credit
If LRR is .25, what will be money multiplier
4
1
5
2
If exports are to be increased then the currency of a country should be
Appreciated
No change
Depreciated
Appreciated or depreciated
Previously one dollar was equal to 69 rupees, now the value of one dollar is equal to 85 rupees. What happens to value of rupee
Depreciated
Appreciated
Remained same
None of the above
What is is the deliberate attempt by RBI to keep foreign exchange rate in a desired limit is called
Depreciation of currency
Appreciation of currency
Adjustable peg
Managed float
Which of the following is not the source of supply of foreign exchange
Exports
Investment by foreign countries
Imports
Remittances from abroad
