Government Budget

Front

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

Back

1st April to 31st March

Front

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

Back

The income earners

Front

Which of the following is an indirect tax? Corporation tax, Value Added tax, Income tax, Wealth tax

Back

Value Added tax

Front

Pension payment is an example of:

Back

Revenue expenditure

Front

Subsidies are an example of: Revenue expenditure, Capital expenditure, Plan expenditure, None of them

Back

Revenue expenditure

Front

Which out of the following is a non-developmental expenditure? Scientific research, Social Welfare, Administration, None of them

Back

Administration

Front

Repayment of loan is an example of:

Back

Capital expenditure

Front

Interest payment are subtracted from which deficit to arrive at Primary Deficit?

Back

Fiscal Deficit

Front

Borrowing in government budget is: Revenue Deficit, Fiscal deficit, Primary Deficit, Deficit in taxes

Back

Fiscal deficit

Front

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

Back

Borrowing by a government represents a situation of fiscal deficit.