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Budget 1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Who is the current finance minister of India?

a)

Arun Jaitley

b)

Nirmala Sitharaman

c)

Shaktikanta Das

d)

Narendra Modi

2.

Which of the following is not an example of private goods ?

a)

Car

b)

Parks

c)

TV

d)

Clothes

3.

Public goods are provided by

a)

Government

b)

private entrepreneurs

c)

both the government and private entrepreneurs

4.

The equal distribution of wealth and income is

a)

stabilisation function

b)

distribution function

c)

allocation function

5.

which of the following is not an example of the direct tax ?

a)

Income tax

b)

Property tax

c)

Excise duties

d)

corporate tax

6.

The taxes on individuals and firms are

a)

fixed taxes

b)

indirect taxes

c)

Direct taxes

d)

non taxes revenue

7.

Financial year in India is from

a)

1st jan to 31st dec

b)

1st april to 31st march

c)

1st july to 30th june

8.

free ridership is possible for

a)

private goods

b)

public goods

9.

Duties levied on goods produced within the country

a)

service tax

b)

excise duties

c)

custom duties

d)

estate duties

10.

Which of the following is an example for paper taxes ?

a)

custom taxes

b)

wealth tax

c)

income taxes

d)

excise taxes