CBSE  /  Class 12  /  Economics  /  Government Budget and the Economy

  • 1. 
    Direct tax is :

  • Income Tax
  • Gift Tax
  • Both (a) and (b)
  • None of these

  • 2. 
    In India, one rupee note is issued by:

  • Reserve Bank of India
  • Finance Ministry of Government of India
  • State Bank of India
  • None of these

  • 3. 
    Capital budget consist of:

  • Revenue Receipts and Revenue Expenditure
  • Capital Receipts and Capital Expenditure
  • Direct and Indirect Tax
  • None of these

  • 4. 
    Which of the following is an indirect tax?

  • Excise Duty
  • Sales Tax
  • Custom Duty
  • All of these

  • 5. 
    Which type of expenditure is made in bridge construction?

  • Capital Expenditure
  • Revenue Expenditure
  • Both (a) and (b)
  • None of the above

  • 6. 
    Which of the following budget is suitable for developing economies?

  • Deficit Budget
  • Balanced Budget
  • Surplus Budget
  • None of these

  • 7. 
    What is the duration of a Budget?

  • Annual
  • Two Years
  • Five Years
  • Ten Years

  • 8. 
    Which of the following is included in fiscal policy?

  • Public Expenditure
  • Tax
  • Public Debt
  • All of these

  • 9. 
    Which of the following is the capital expenditure of the government?

  • Interest Payment
  • Purchase of House
  • Expenses on Machinery
  • All of the above

  • 10. 
    The budget may include:

  • Revenue Deficit
  • Fiscal Deficit
  • Primary Deficit
  • All of these
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