government budget

Ptrogressive tax is a tax whch 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.

Difference between fiscal deficit and intrest payment is called-

• revenue deficit

• fiscal deficit

• primary deficit

• none of the above

Which of the following is an example of direct tax?

• VAT

• EXCISE DUTY

• ENTERTAINMENT TAX

• WEALTH TAX

Which type of expenditure is made in bridge construction?

• Capital exp.

• Revenue exp.

• Both a & b

• None of the above

Which of the following statement is true?

• Fiscal deficit is the difference between total expenditure and total receipts

• Primary deficit is the difference between total receipt and interest payments

• Fiscal deficit is the sum of primary deficit and interest payment

• All of these

Law and order, national defense, sanitation,etc are

• final goods

• intermediate goods

• public goods

• private goods

Which statement(s) is/are correct regarding revenue receipts?

• they reduce assets

• they create assets

• they reduce liability

• they do not create liability

Which one of them is an Indirect tax

• Special Assessment Tax

• Excise Duty

• Fees

• Corporation Tax

Loans to state governments and union territories are a part of

• Revenue Receipts

• Capital Receipts

• Capital Expenditure

• Revenue Expenditure

Zero primary deficit means

• no liabilities with government

• the government has to resort to borrowing only to meet interest payments

• no interest payments

• no borrowing