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Class 12 Economics (Macro Economics) Chapter 5 Government Budget And The Economy Quiz 5 (25 MCQs)

Quiz Instructions

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1. One of the main criticisms of deficits is that they are inflationary. According to the passage, this criticism is not necessarily true when:
2. Which objective government attempt to obtain by budget
3. Borrowing in government budget is:
4. Fill in the blank:Capital expenditure includes expenditure on the acquisition of land, building, machinery, equipment, investment in shares, and loans and advances by the central government to state and union territory governments, PSUs and other .....
5. Grants by the government are treated as revenue expenditure.
6. Ptrogressive tax is a tax whch is-
7. Following is the feature of direct taxes
8. Fill in the blank:Government deficit can be reduced by an increase in taxes or reduction in .....
9. Fill in the blank:The intervention of the government, whether to expand demand or reduce it, constitutes the ..... function.
10. Progressive tax is a tax which is-
11. According to the passage, from which date did GST become operational in India?
12. What is the implication of a high fiscal deficit?
13. Which statement(s) is/are correct regarding revenue receipts?
14. Which of the following is correct in case of revenue expenditure?
15. Tax and Non-Tax receipts are components of
16. FOLLOWING IS AN EXAMPLE OF INDIRECT TAX
17. Expenditure on old age pension is an example of revenue expenditure
18. In Example 5.2, if the tax rate is 0.25 and the marginal propensity to consume (c) is 0.8, what is the new government expenditure multiplier?
19. Plan revenue expenditure relates to central Plans (the Five-Year Plans) and central assistance for State and Union Territory plans.
20. What is fiscal deficit?
21. Borrowings by the government is a:
22. What is the difference between revenue receipts and capital receipts?
23. What does Fiscal Deficit refer to in the Government Budget?
24. Revenue budget includes:
25. 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
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