3962 Indian Union Budget-Economics Register For Free Quiz NamePhone NumberEmail 1 / 15 1.If the revenue expense is more than that of receipts, it indicates that there is______________. A) Primary Deficit B) Fiscal Deficit C) Monetary Deficit D) Revenue Deficit 2 / 15 2.The______records all the revenue receipts and expenditure. A) Capital Budget B) Cash Budget C) Revenue Budget D) Foreign Exchange Budget 3 / 15 3.Government receipts which neither create asset nor reduce any liability are called________. A) Revenue Receipts B) Capital Budget C) Cash Receipts D) Financial Receipts 4 / 15 4.Which of the following is not covered under the revenue receipts of Government of India? A) Corporation Tax B) Loans from RBI C) Income Tax D) Custom Duties 5 / 15 5.Payment of salaries is covered under which form of government expenditure? A) Revenue Expenditure B) Capital expenditure C) Planned Expenditure D) UnplannedExpenditure 6 / 15 6.Who was the first Finance minister of independent India? A) John Mathai B) Shanmukhan Chetty C) C. D Deshmukhi D) Liaquat Ali Khan 7 / 15 7.Which article of the Constitution envisages Budget? A) Article 360 B) Article 110 C) Article 112 D) Article 280 8 / 15 8.Deficit Financing means : A) None B) Public revenue in excess of public expenditure C) Public expenditure in excess of public revenue D) Both (Public expenditure in excess of public revenue) & (Public revenue in excess of public expenditure) 9 / 15 9.................. refers to public revenue, expenditure and allied matters A) None of these B) Fiscal policy C) Economic policy D) Monetary policy 10 / 15 10.The budget was formally introduced in India in: A) 1860 B) 1868 C) 1947 D) 1950 11 / 15 11.. ................. is the difference between total receipts and total expenditure: A) Budget Deficit B) Fiscal Deficit C) Capital Deficit D) Revenue Deficit 12 / 15 12.Revenue deficit in India is: A) Balanced B) Zero C) Positive D) Negative 13 / 15 13.What is the target (in terms of GDP) of Fiscal Deficit for FY 2019-20? A) 3.1% B) 3.5% C) 4.4% D) 3.4% 14 / 15 14.The rate which the income tax is imposed in India is called.... A) Regressive rate B) Progressive rate C) Proportionate rate D) Digressive rate 15 / 15 15.Find out the correct definition of Capital payments? A) None B) It refers to capital revenue collected from the construction of capital projects and acquisition of assets like land, buildings machinery and equipment. C) It is the expenditure incurred on the day-to-day running of the Government and its various departments, and for services that it provides. D) It refers to capital expenditures on construction of capital projects and acquisition of assets like land, buildings machinery and equipment. Your score is LinkedIn Facebook Twitter 0% Restart quiz
