Government Budget and the Economy
Authored by amit bhadauria
Other, Business
12th Grade
Used 255+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Law and order, national defense, sanitation,etc are
final goods
intermediate goods
public goods
private goods
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which statement(s) is/are correct regarding revenue receipts?
they reduce assets
they create assets
they reduce liability
they do not create liability
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement(s) is/are correct regarding revenue expenditure?
they do not create assets
they create liability
they reduce liability
they create assets
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement(s) is/are correct regarding capital receipts?
they create assets
they create liability
they reduce assets
they reduce assets and (or) create liability
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement(s) is/are correct regarding capital expenditure?
they create liability
they create assets
they reduce liability
they reduce assets
they create assets and (or) reduce liability
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of them is direct tax?
Income tax
GST
Escheat
Special Assessment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which one of them is an Indirect tax
Special Assessment Tax
Excise Duty
Fees
Corporation Tax
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