Government budget

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

Fiscal deficit is equal to

• Direct tax

• Interest

• Borrowings

• All of these

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

When revenue expenditure is greater than revenue receipts it is called

• Fiscal deficit

• Primary deficit

• Revenue deficit

• None of these