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Class 12 Economics (Macro Economics) Chapter 5 Government Budget And The Economy Quiz 10 (21 MCQs)

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1. Interest payment are subtracted from which deficit to arrive at Primary Deficit:
2. What type of receipts does the government budget categorize as revenue receipts?
3. Dividend from PSUs is a part of
4. The amount collected by the government in the form of interest, fees, and dividends is known as .....
5. Who are 'free-riders'?
6. Fill in the blank:The FRBMA requires the reduction in fiscal deficit by ..... per cent of GDP each year and the revenue deficit by ..... per cent.
7. Primary Deficit is a part of
8. Which article of the Indian Constitution requires the government to present a statement of estimated receipts and expenditures before the Parliament?
9. Difference between fiscal deficit and intrest payment is called-
10. Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100 and consumption is given by C = 100 + 0.75Y. What is the equilibrium level of income (Y) in this economy?
11. In an unbalanced budget:
12. The difference between fiscal deficit and interest payment is called:
13. Expenditure made on the establishment of the metro rail line in Delhi is a capital expenditure.
14. Which is the component of budget
15. The growth of revenue deficit as a percentage of fiscal deficit points to an improvement in the quality of government expenditure involving higher capital formation.
16. Which of the following is a measure to reduce fiscal deficit?
17. Which of the following is a type of revenue deficit?
18. Which of the following is a source of non-tax revenue?
19. Amount of fiscal deficit is equal to-
20. Which of the following is NOT a source of non-tax receipts?
21. Which article of the Indian Constitution mandates the presentation of the annual financial statement?
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