CBSE Class 12 Economics Government Budget and the Economy Quiz 3

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

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1. Direct tax is :

A Income Tax B Gift Tax C Both (a) and (b) D None of these

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

A Reserve Bank of India B Finance Ministry of Government of India C State Bank of India D None of these

3. Capital budget consist of:

A Revenue Receipts and Revenue Expenditure B Capital Receipts and Capital Expenditure C Direct and Indirect Tax D None of these

4. Which of the following is an indirect tax?

A Excise Duty B Sales Tax C Custom Duty D All of these

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

A Capital Expenditure B Revenue Expenditure C Both (a) and (b) D None of the above

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

A Deficit Budget B Balanced Budget C Surplus Budget D None of these

7. What is the duration of a Budget?

A Annual B Two Years C Five Years D Ten Years

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

A Public Expenditure B Tax C Public Debt D All of these

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

A Interest Payment B Purchase of House C Expenses on Machinery D All of the above

10. The budget may include:

A Revenue Deficit B Fiscal Deficit C Primary Deficit D All of these

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