GOVERNMENT BUDGET AND THE ECONOMY
Authored by shivangi singh
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12th Grade
Used 91+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as :
BUDGET
INCOME ESTIMATES
ACCOUNTS
EXPENDITURE
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is an example of direct tax?
VAT
EXCISE DUTY
ENTERTAINMENT TAX
WEALTH TAX
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
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
1 April to 31 March
1 Jan to 31 December
1 March to 28 February
None of these
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When government spends more than it collects by way of revenue, it incurs __
Budget surplus
Budget Deficit
Capital Expenditure
Revenue Expenditure
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which type of expenditure is made in bridge construction?
Capital exp.
Revenue exp.
Both a & b
None of the above
6.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
(a) budget is considered good for the country.
7.
FILL IN THE BLANKS QUESTION
20 sec • 1 pt
Service tax is levied by the (a)
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