Direct tax is :
  • Income Tax
  • Gift Tax
  • Both (a) and (b)
  • None of these
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
Capital budget consist of:
  • Revenue Receipts and Revenue Expenditure
  • Capital Receipts and Capital Expenditure
  • Direct and Indirect Tax
  • None of these
Which of the following is an indirect tax?
  • Excise Duty
  • Sales Tax
  • Custom Duty
  • All of these
Which type of expenditure is made in bridge construction?
  • Capital Expenditure
  • Revenue Expenditure
  • Both (a) and (b)
  • None of the above
Which of the following budget is suitable for developing economies?
  • Deficit Budget
  • Balanced Budget
  • Surplus Budget
  • None of these
What is the duration of a Budget?
  • Annual
  • Two Years
  • Five Years
  • Ten Years
Which of the following is included in fiscal policy?
  • Public Expenditure
  • Tax
  • Public Debt
  • All of these
Which of the following is the capital expenditure of the government?
  • Interest Payment
  • Purchase of House
  • Expenses on Machinery
  • All of the above
The budget may include:
  • Revenue Deficit
  • Fiscal Deficit
  • Primary Deficit
  • All of these
Budget:
  • is a description of income-expenditure of government
  • is a document of the economic policy of the government
  • is a description of non-programs of the government
  • All of these
In an unbalanced budget:
  • Income is greater than expenditure
  • Expenditure is higher relative to income
  • Deficit is covered by loans or printing of notes
  • Only (b) and (c)
Which is included in indirect tax?
  • Income tax
  • Wealth tax
  • Excise Duty
  • Gift tax
Which one of the following is a pair of direct tax?
  • Excise duty and Wealth Tax
  • Service Tax and Income Tax
  • Excise Duty and Service Tax
  • Wealth Tax and Income Tax
Which of the following is not a revenue receipt?
  • Recovery of Loans
  • Foreign Grants
  • Profits of Public Enterprise
  • Wealth Tax
Which of the following is a correct measure of the primary deficit?
  • Fiscal deficit minus revenue deficit
  • Revenue deficit minus interest payments
  • Fiscal deficit minus interest payments
  • Capital expenditure minus revenue expenditure
The duration of the Government budget is:
  • 5 years
  • 2 years
  • 1 year
  • 10 years
Budget is presented in the Parliament by:
  • Prime Minister
  • Home Minister
  • Finance Minister
  • Defence Minister
Budget speech in Lok Sabha is given by:
  • President
  • Prime Minister
  • Finance Minister
  • Home Minister
Professional tax is imposed by:
  • Central Government
  • State Government
  • Municipal Corporation
  • Gram Panchayat
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