# data[].attributes.body
MCQ's
1)Which of the following is an example of direct  tax ?
a) VAT
b) Excise duty
c) Entertainment  tax
d) Wealth tax

2) What is the period of a fiscal year ?
a) 1 April - 31 March
b) 1 Jan - 31 December
c) 1 March - 28 February
d) none of these

3) Fiscal deficit is the difference between the government's total  expenditure and it's total receipt excluding
a) Intrest
b) Tax
c) Spending
d) Borrowing

True/ False
1) Government budget is a family budget.
2) In deficit budget expenditure is more than income.

# data[].attributes.body
1 An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as
(A) Budget
(B) Income estimates
(C) Account
(D) Expenditure

2 .When government spends more than it collects by way of revenue, it incurs ______
(A) Budget surplus
(B) Budget deficit
(C) Capital expenditure
(D) Revenue expenditure

3.Which of the following is the component of a budget?
(A) Fiscal budget
(B) Capital budget
(C) Both of these
(D) None of these
TRUE AND FALSE
4 budget in which government receipt are more than government expenditure are called balanced budget
5 donation is a non- tax receipt

# data[].attributes.body
1) Interest income is a part of :
a)Non-tax revenue
b) Revenue receipts
c)both (a) and (b)
d) neither (a) nor (b)

2)"Policies of surplus budget during inflation" is a part of which objective of government budget?
a) Economic growth
b) Economic stability
c) Reducing religional Disparities
d) Reallocation of resources

3) Dividends received from public sector undertakings are a part of the government's________
a)Non-tax revenue receipts
b)tax receipt
c) capital receipts
d) capital expenditure

True/False
1) Indirect taxes are generally progressive in nature?T/F
2) Increase in fiscal deficit does not affect primary deficit?T/F

# data[].attributes.body
MCQ
1. Which of the following is the components of budget?
A.fiscal budget
B. Capital budget
C.both of these
D.none of these
2. How many types of revenue receipts are there?
A.2
B.3
C.4
D.5
3. The non tax revenue in the following is?
A.Export duty
B.import duty
C. Dividends
D.execise
True or False
1. Direct tax are generally proportional in nature?
2.Rise in revenue deficit will always lead to higher fiscal deficit?

# data[].attributes.body
MCQs

(1) Gift tax is a paper tax because:
a) it is an indirect tax
b) it is a direct tax
c) it doesn't have significant revenue            yield
d) both (b) and (c)

(2) Revenue eaarned by the government from property without any legal heir is called:
a) donation
b) escheat
c) special assessment
d) both (b) and (c)

(3) disinvestment is an example of:
a) revenue receipt
b) capital receipt
c) revenue expenditure
d) capital expenditure

True / false

(1) revenue deficit leads to national debt.
(2) revenue expenditure reduces assets of the government.

# data[].attributes.headline
                                  PIYUSH 

# data[].attributes.subject
                                  PIYUSH 

# data[].attributes.body
Q1. WHAT IS THE NATURE OF DIRECT TAX.
a) REGRESSIVE
b) PROGRESSIVE
c) GENRAL
d) PROPORTONATE

Q2. Revenue deficit = revenue expenditure -
a) capital receipt
b) total expenditure
c) total receipt
d) revenue receipt

Q3. "GROWTH WITH STABILITY" in this 'STABILITY' refers to :-
a) capital expenditure
b) capital receipt
c) inflation & deflation
d) revenue receipt

TRUE & FALSE :-

1. there is a low taxation on alcoholic products.
2. Is indirect tax is generally proportionate in nature.

# data[].attributes.body
1.When does the anual budget is presented
a) April 1
b) January 1
C) March 31
D) February 1
2.what is the other name for budgetary policy
A) Monetary policy
B) banking policy
C) government policy
D) Fiscal policy
3.What aspects does budgetary policy consist of
A) receipt aspect
B) expenditure aspect
C) both of the above
D) none of the above

True & false :-
1.prime minister presents the annual budget.
2.Indian railway is a private good.

# data[].attributes.body
Question 1
Which of the following is an example of direct tax?
(A) VAT
(B) Excise duty
(C) Entertainment tax
(D) Wealth tax

Question 2
Which of the following is tax revenue receipt?
A permit charges
B escheat
C corporate tax
D none of these

Question 3
A government budget can influence
A. GST
B. Export duty
C. Development charges
D. corporate tax

True/False

1. Government budget is a statement of actual receipts and payments of the government.
2. Government budget is document.

# data[].attributes.body
1. Deficit budget control
a. Inflation
b. Deflation
c. Both
d. None of above

2. Profit of LIC,a public enterprise
A.revenue receipt
B. Revenue expenditure
C. Capital receipt
D. Capital expenditure

3. Mostly the tax system which followed in India
A. Regressive tax
B. Progressive tax
C. Proportionate tax
D. None of above

4. Income arises out of property left by people without a legal heir is known as income from special assessment.(T/F)

5.Fiscal deficit=borrowings(T/F)

# data[].attributes.body
Question 1.
An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as
(A) Budget
(B) Income estimates
(C) Account
(D) Expenditure

Question 2.
Which of the following is an example of direct tax?
(A) VAT
(B) Excise duty
(C) Entertainment tax
(D) Wealth tax

Question 3.
What is the period of a fiscal year?
(A) 1 April to 31 March
(B) 1 January to 31 December
(C) 1 March to 28 February
(D) None of these

True/ false
(1) -government budget is a family budget
(2) - In the budget, the government announces the various ways in which it plans to meet the expenses.

# data[].attributes.body
Multiple choice questions -
Q1. BORROWINGS ARE AN EXAMPLE OF_____
a) revenue receipts
b) capital receipts
c) revenue expenditure
d) all of the above

Q2. THE GOODS WHOSE USE BY ONE INDIVIDUAL DOESNOT REDUCE ITS AVAILABILITY FOR THE OTHER ARE KNOWN AS
a) non _ rivalrous
b) non _ excludability
c) rivalrous
d) excludable

Q3. Which of the following are examples of non tax receipts?
a) fees
b)escheat
c) disinvestment
d) both a and b

TRUE / FALSE

Q1.Fiscal deficit is the difference between governments total expenditure and its total receipts including borrowing .

Q2. Interest payments is an example of revenue expenditure .

# data[].attributes.body
#Multiple choice question
1) Give an example of indirect tax?
a) income tax
b) corporate tax
c)GST
d) octroi tax

2)spot the revenue receipt?
a) recovery of loan
b) borrowing
c) external grants
d) disinvestment

3)Fiscal difict is equals to?
a) interest payment
b) borrowing
c) interests payment less than borrowing
d) borrowing less than intrest payments

#True and False
1) Borrowing in government budget are primary deficit?
2)Direct tax is called direct because it is collected directly from the income earned is this statement is true or false?

# data[].attributes.body
Aayushi jain
1. Which of the following is a non tax receipt ?
(A) gift tax
(B) sales tax
(C) donations
(D) excise duty

2. What is the formula of primary dificit  ?
(A) revenue expenditure - revenue receipt
(B) total expenditure - total receipt
(C) fiscal deficit - net interest payment
(D) borrowing

3. On which date the finance minister presents annual budget of the government?
(A) 1 feb.
(B) 31st march
(C) 1 april
(D) 11 july

4. Nip (net interest payable) = interest payable - interest receivable ?

5. Is deficit budget helps in inflation ? True or false

# data[].attributes.body
Q1. Fiscal deficit equals

1. Borrowings
2. Interest payments
3. Interest payments less borrowings
4. Borrowings less interest payments

Q2. The non tax revenue is from the following

1. Export duty
2. Import duty
3. Dividends
4. Recovery of loan

Q3. Which of the following is a source of capital receipt?

1. Foreign donation
2. Dividends
3. Disinvestment
4. Indirect tax

Q4. Government borrowings from world bank is revenue              receipt? T/F

Q5. The excess of capital receipts over revenue receipts is called revenue receipt? T/F

# data[].attributes.body
Question 1.
An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as
(A) Budget
(B) Income estimates
(C) Account
(D) Expenditure
Question 2.
Which of the following is an example of direct tax?
(A) VAT
(B) Excise duty
(C) Entertainment tax
(D) Wealth tax
Question 3.
What is the period of a fiscal year?
(A) 1 April to 31 March
(B) 1 January to 31 December
(C) 1 March to 28 February
(D) None of these
Question 4.
When government spends more than it collects by way of revenue, it incurs ______
(A) Budget surplus
(B) Budget deficit
(C) Capital expenditure
(D) Revenue expenditure
Q 2True and false
1. Capital expenditure increase assets.
2. Fiscal deficit =total budget -total receipts

# data[].attributes.body
Q1. Which article states the constitutional requirement of govt budget of centre and state?

(a) 112 and 212
(b) 102 and 202
(c) 112 and 202
(d) 113 and 216

Q2. What was the twin objective of govt before 1991 , Growth with _______?

(a) Social evil
(b) social media
(c) social welfare
(d) social justice

Q3. Who presents the government budget ?

(a) Home Minister
(b) Prime Minister
(c) Finance Minister
(d) President

Q4. Recovery of loans is a revenue receipt

Q5. Capital receipts either Increase assets or decrease liability.

Abhay Soni
25/6/22 (7:20)