Worksheetsgovernment budget
Total questions: 12
Worksheet time: 6mins
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
Recovery of loan is:
Revenue receipt
Capital receipt
Revenue expenditure
Capital expenditure
Payment of loan is:
Revenue expenditure
Capital expenditure
Revenue receipts
Capital receipts
When incidence and burden of tax falls on different persons that type of tax is called:
Direct tax
Indirect tax
Regressive tax
None of these
Construction of school building is:
Capital expenditure
Revenue receipts
Revenue expenditure
Capital receipts
Which of the following is a non tax eceipts?
Gift tax
sale tax
Donations
Excise duty
Progressive tax is a tax which 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
Capital receipts is that receipts of the Government-
(1) creates a liability
(2) 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
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
