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Indian Union Budget-Economics

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1.If the revenue expense is more than that of receipts, it indicates that there is______________.

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2.The______records all the revenue receipts and expenditure.

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3.Government receipts which neither create asset nor reduce any liability are called________.

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4.Which of the following is not covered under the revenue receipts of Government of India?

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5.Payment of salaries is covered under which form of government expenditure?

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6.Who was the first Finance minister of independent India?

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7.Which article of the Constitution envisages Budget?

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8.Deficit Financing means :

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9.................. refers to public revenue, expenditure and allied matters

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10.The budget was formally introduced in India in:

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11.. ................. is the difference between total receipts and total expenditure:

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12.Revenue deficit in India is:

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13.What is the target (in terms of GDP) of Fiscal Deficit for FY 2019-20?

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14.The rate which the income tax is imposed in India is called....

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15.Find out the correct definition of Capital payments?

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