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WorksheetsBudget 2021
Total questions: 15
Worksheet time: 8mins
Capital Budget is divided into
2 parts
3 parts
4 parts
None of the above
Which of the following is not a part of capital budget
Capital Expenditure
Capital Receipts
Capital revenue
NOTA
Capital receipts refers to
Inflow of cash
Outflow of cash
Investment
NOTA
Disinvestment is an example of
Capital expenditure
Capital receipts
Revenue receipts
NOTA
Capital receipts are shown on which side of balance sheet
Assets
Liabilities
Both sides
Capital expenditure is the expenditure on
Research and development
Machinery
Equipment
All of the above
Loans given by govt. to states and PSUs is an example of
Capital expenditure
Capital receipts
Revenue receipts
NOTA
The finance minister puts the disinvestments receipts at
2.25 lakh crore
1.75 lakh crore
1.5 lakh crore
Tax collected is
Revenue receipt
Revenue expenditure
Capital expenditure
NOTA
An expenditure the benefit of which is enjoyed for more than one financial year is known as:
Revenue expenditure
Long term expenditure
Extra ordinary expenditure
Capital expenditure
An expenditure that provides benefit for less than one financial period is known as:
Ordinary expenditure
Regular expenditure
Revenue expenditure
Nominal expenditure
What is the biggest source of Income for the Central Government in the Union Budget 2020-21?
Goods and Services Tax
Corporation Tax
Income Tax
Borrowings and other liabilities
Cess newly imposed on petrol and diesel is
AIDC
KKC
Education cess
Which one of the following is a capital receipt in government budget?
Interest receipts on loans given by the government to other parties
Dividends and profits from public sector undertakings
Borrowing of the government from public
Income tax receipts
Which of the following is/are included in the capital budget of the Government of India?
1. Expenditure on acquisition of fighter aircraft
2. Financial assistance received from the World Bank
3. Loans made to foreign governments
4. Grants given to states and union territories every year
Select the correct answer using the codes given below:
1 and 2 only
2 and 3 only
1, 3, and 4
1, 2, and 3
