Q 1. According to a headline in a leading newspaper, "Higher taxes on ultra rich to impact luxury home sales". Which objective of the Government is highlighted in the statement?
Q3. Which of the following statements is not true?
Q 4. Which of the following is not a non-tax source of revenue?
Q 6. Which of the following is a capital expenditure?
Q 7. In which year was the first ever budget presented in India?
Q 8. Printing of currency by the commercial banks to meet the budgetary deficit is known as deficit financing.
Q 10. What will be the effect of a surplus budget on the level of aggregate demand in the economy?
Q 11. A large fiscal deficit leads to a higher revenue deficit in the future.
Q 12. Which of the following is a combination of direct taxes?
Q 13. If interest payments are ₹ 100 cr and primary deficit is ₹ 50 cr, what will be the value of borrowings?
Q 14. Which of the following statements is incorrect?
Q 15. The_______________ includes only such transactions that affect the current income and expenditure of the Government.
Q 16. Which of the following is not true for fiscal deficit?
Q 18. Primary deficit is the borrowing requirements of the Government for making:
Q 19. Government budget is a:
Q 20. Receipts of Post-office Savings Accounts, National Savings Certificates, etc. are examples of capital receipts.
