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WorksheetsGovernment Budget and components
Total questions: 20
Worksheet time: 20mins
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
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
Direct tax is called direct because it is collected directly from :
The producers on goods produced
the sellers on goods sold
The buyers of goods
The income earners
A Govt. Budget is prepared for a fiscal year running from :
1st January to 31st December
1st April to 31st December
1st April to 31st March
1st January to 30th April
In the government budget, if revenue receipts = ₹100 lakh, capital receipt = ₹50 lakh and revenue deficit = ₹25 lakh, how much is the revenue expenditure?
75 lakh
150 lakh
125 lakh
50 lakh
Pension payment is an example of :
Plan expenditure
Revenue expenditure
Capital expenditure
Non-plan expenditure
Which of the following statement is true?
Loan from IMF is a Revenue Receipt
Higher revenue deficit necessarily leads to higher fiscal deficit
Borrowing by a government represents a situation of fiscal deficit.
Revenue deficit is the excess of capital receipts over the revenue receipts
In government, budget primary deficit is ₹10000 crore, interest payment is ₹5000 crore, then fiscal deficit is ₹ _______ crore.
15000
16000
18000
5000
Which of the following is a non tax eceipts?
Gift tax
sale tax
Donations
Excise duty
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
Expenditure on old age pension is an example of revenue expenditure
True
False
If the increase in income leads to a reduction in the tax rate, such type of tax system are know as
Regressive
Progressive
None of these
Which statement(s) is/are correct regarding capital receipts?
they create assets
they create liability
they reduce assets
they reduce assets and (or) create liability
Primary Deficit is a part of
Revenue deficit
Fiscal Deficit
Borrowings
Interest payments
The focus off government budget is to:
maximise fiscal deficit
minimise fiscal deficit
to maximise expenditure
to minimise revenue
A tax is said to be ____________ when it causes a greater burden on the poor than the rich
Progressive
Regressive
This expenditure creates assets for the government.
(a)
