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GOVT. BUDGET AND FOREIGN EXCHANGE RATE

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

ESCHEATS IS A EXAMPLE OF

a)

capital receipts

b)

revenue receipts

c)

capital expenditure

d)

revenue expenditure

2.

which of the followings are the components of budget ?

a)

capital budget

b)

revenue budget

c)

both a and b

d)

not a and b

3.

construction of school building is a

a)

capital receipts

b)

revenue expenditure

c)

capital expenditure

d)

revenue receipts

4.

if estimated govt. receipts are more than estimated govt. expenditure , it is said to be a...

a)

surplus budget

b)

deficit budget

c)

balance budget

d)

none

5.

budget deficit means-

a)

total expenditure - total receipts

b)

capital expenditure - capital receipts

c)

total expenditure - total receipts( excluding borrowings)

6.

the incidence of tax refer to-

a)

who ultimately bears the money burden of the tax

b)

growth of taxation

7.

primary deficit in a govt. is-

a)

revenue expenditure - revenue receipts

b)

total expenditure - total receipts

c)

revenue deficit- interest payments

d)

fiscal deficit - interest payments

8.

primary deficit is a govt. budget equals-

a)

interest payments

b)

interest payments less than borrowings

c)

borrowings less interest payment

9.

which of the following is source of capital receipts ?

a)

foreign donation

b)

dividents

c)

disinvestment

d)

indirect tax

10.

fiscal deficit equals-

a)

interest payments

b)

borrowings

11.

primary deficit equal to-

a)

borrowings

b)

interest payments

c)

borrowings less interest payments

12.

what is foreign exchange ?

a)

domestic currency

b)

other than the domestic currency

13.

what is meant by foreign exchange rate ?

a)

at which rate one currency is exchanged for other

b)

exports

c)

imports

14.

what is fixed exchange rate?

a)

by export

b)

fixed by import

c)

both a and b

d)

fixed by government

15.

deficient demand indicates -

a)

under employment equilibrium

b)

over full employment equilibrium

c)

full employment equalibrium

d)

none