Government Budget and the Economy | Chapter 5 | Class 12 | Social Science | Economics

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In this test paper, we will practice our learning of Government Budget and the Economy | Chapter 5 | Class 12 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Government Budget and the Economy | Chapter 5 | Class 12 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as

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2. Which of the following is an example of direct tax?

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3. What is the period of a fiscal year?

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4. When government spends more than it collects by way of revenue, it incurs ______

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5. The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______

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6. Which of the following is the component of a budget?

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7. What is the annual statement of the government’s fiscal revenue and fiscal expenditure known?

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8. How many types of revenue receipts are there?

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9. The amount collected by the government as taxes and duties is known as _______

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10. The amount collected by the government in the form of interest, fees, and dividends is known as ________

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11. Borrowing in the government budget is:

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12. The non-tax revenue in the following is:

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13. The primary deficit in a government budget will be zero, when _______

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14. Direct tax is called direct because it is collected directly from:

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15. Financial Year in India is:

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16. Which objectives government attempts to obtain by Budget

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17. Which is a component of Budget?

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18. Which is a component of the Budget Receipt?

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19. Tax revenue of the Government includes :

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20. Which is included in the Direct Tax?

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21. Which is included in Indirect Tax?

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22. The expenditures which do not create assets for the government is called :

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23. Direct tax is :

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24. In India, one rupee note is issued by:

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25. Capital budget consist of:

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26. Which of the following is an indirect tax?

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27. Which type of expenditure is made in bridge construction?

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28. Which of the following budget is suitable for developing economies?

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29. What is the duration of a Budget?

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30. Which of the following is included in fiscal policy?

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31. Which of the following is the capital expenditure of the government?

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32. The budget may include:

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33. Which of the following statement is true?

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34. Budget:

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35. In an unbalanced budget:

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36. Which is included in indirect tax?

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37. Which one of the following is a pair of direct tax?

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38. Which of the following is not a revenue receipt?

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39. Which of the following is a correct measure of the primary deficit?

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40. The duration of the Government budget is:

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41. Budget is presented in the Parliament by:

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42. Budget speech in Lok Sabha is given by:

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43. Professional tax is imposed by:

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44. From the following which is included in the direct tax:

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45. Who issues 1 rupee note in India:

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