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Class 12 Economics (Macro Economics) Chapter 5 Government Budget And The Economy Quiz 7 (25 MCQs)

Quiz Instructions

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1. What is the financial year duration in India?
2. Fill in the blank:Gross primary deficit = Gross fiscal deficit .....
3. While financing a deficit, under which measure government can print more currency:
4. The relationship between the revenue deficit and the fiscal deficit is that:
5. Which statement(s) is/are correct regarding capital expenditure?
6. What is the nature of revenue expenditure?
7. Repayment of loan is
8. Which of the following is a part of the revenue expenditure in the indian government budget?
9. Which of the fololowing are the objective of government budget?
10. What does a deficit budget indicate?
11. Construction of flyover is a capital expenditure of the government.
12. Revenue expenditure and capital expenditure can be distinguished as follows:
13. What is the purpose of public goods?
14. If Primary deficit is rupees 3500 and interest payment is rupees 500, then Fiscal Deficit =
15. Fill in the blank:Fiscal deficit is the difference between the government's total expenditure and its total receipts excluding .....
16. What is the primary function of the government in managing public resources?
17. What is a public good?
18. How does the government redistribute income?
19. The claim of the government on the property of a person who dies without making a will or leaving behind any legal heir.
20. Revenue expenditure
21. In which of the following ways, can deficit in budget be financed?
22. There is a feasible way of excluding anyone from enjoying the benefits of public goods.
23. Which of the following is an example of a direct tax?
24. FINANCIAL YEAR IN INDIA IS
25. A tax, the burden of which can be shifted on others, is called:
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