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WorksheetsGovernment budget and The Economy
Total questions: 15
Worksheet time: 8mins
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
Difference between fiscal deficit and intrest payment is called-
revenue deficit
fiscal deficit
primary deficit
none of the above
(a) receipts do not create any corresponding liability for the government.
(a) Expenditure creats assets for the government.
The programme and polocies of the government as presented in the budget are know as (a) policy of the government.
If increase in income leads to reduction in tax rate , such types og tax system is know as---------
(a)
