Indian Union Budget-Economics

354

Indian Union Budget - Economics

1 / 15

What is the significance of the trend in capital expenditure shown in the provided diagrams?

(a) It indicates the government's commitment to reducing capital expenditure.

(b) It suggests a decrease in investments in critical areas.

(d) It demonstrates the government's focus on reducing fiscal deficits.

2 / 15

What does the term "fiscal deficit" refer to in the context of India's budget?

(a) The amount of money the government borrows to cover its short-term expenses

(b) The difference between total revenue and total expenditure

(d) The government's total revenue from taxation

3 / 15

Plan Capital Expenditure in the Capital Budget supports the government's socio-economic objectives by investing in various sectors. Which of the following is NOT one of those sectors?

(a) Education

(b) Defense

(d) Banking

4 / 15

Which of the following is NOT a component of the Capital Budget?

(a) Plan Capital Expenditure

(b) Non-Plan Capital Expenditure

(d) Public Sector Undertakings (PSUs)

5 / 15

What is the primary purpose of the Capital Budget in the Indian Union Budget?

(a) To manage fiscal deficits

(b) To cover short-term expenses

(d) To fund public sector undertakings

6 / 15

In the context of the Union Budget, what does "non-debt capital receipts" refer to?

(a) Funds received from foreign loans

(b) Income generated from government investments

(d) Income from non-government sources

7 / 15

What is the primary purpose of Plan Revenue Expenditure in the Indian Union Budget?

(a) Supporting the government's socio-economic objectives

(b) Promoting national security and sovereignty

(d) Providing subsidies to vulnerable sections of society

8 / 15

According to the provided information, which category of revenue expenditure includes spending on defense, interest payments, and subsidies?

(a) Plan Revenue Expenditure

(b) Non-Plan Revenue Expenditure

(d) Capital Expenditure

9 / 15

What does the term "total receipts" in the context of the Union Budget represent?

(a) Total government expenditures

(b) Total income earned by individuals

(d) Total inflow of funds from all sources

10 / 15

Which of the following is NOT a source of revenue receipts in the Indian Union Budget?

(a) Tax Revenue

(b) Non-tax Revenue

(d) Export Earnings

11 / 15

Which component of the Union Budget outlines the government's capital expenditure, including investments in infrastructure?

(a) Fiscal Policy Statement

(b) Revenue Budget

(d) Economic Growth Plan

12 / 15

What is the primary source of revenue for the Indian government, contributing around 70% of total revenue receipts?

(a) Non-tax revenue

(b) Dividends from public sector undertakings

(d) Direct taxes

13 / 15

How does the Union Budget impact businesses and industries?

(a) It has no impact on businesses and industries.

(b) Changes in tax rates, subsidies, and government policies can affect them.

(d) It reduces government intervention in the economy.

14 / 15

Which of the following is one of the key objectives of the Union Budget?

(a) Maximizing government revenue at all costs

(b) Reducing investments in social programs

(d) Ignoring foreign investments and exports

15 / 15

What is the primary purpose of the Indian Union Budget?

(a) To outline the government's achievements in the previous fiscal year

(b) To allocate resources and manage the economy for the upcoming financial year

(d) To present a summary of government policies and initiatives

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