Indian Union Budget-Economics 282 Indian Union Budget - Economics 1 / 15 15.Find out the correct definition of Capital payments? None It refers to capital revenue collected from the construction of capital projects and acquisition of assets like land, buildings machinery and equipment. It is the expenditure incurred on the day-to-day running of the Government and its various departments, and for services that it provides. It refers to capital expenditures on construction of capital projects and acquisition of assets like land, buildings machinery and equipment. 2 / 15 14.The rate which the income tax is imposed in India is called.... Regressive rate Progressive rate Proportionate rate Digressive rate 3 / 15 13.What is the target (in terms of GDP) of Fiscal Deficit for FY 2019-20? 3.1% 3.5% 4.4% 3.4% 4 / 15 12.Revenue deficit in India is: Balanced Zero Positive Negative 5 / 15 11.. ................. is the difference between total receipts and total expenditure: Budget Deficit Fiscal Deficit Capital Deficit Revenue Deficit 6 / 15 10.The budget was formally introduced in India in: 1860 1868 1947 1950 7 / 15 9.................. refers to public revenue, expenditure and allied matters None of these Fiscal policy Economic policy Monetary policy 8 / 15 8.Deficit Financing means : None Public revenue in excess of public expenditure Public expenditure in excess of public revenue Both (Public expenditure in excess of public revenue) & (Public revenue in excess of public expenditure) 9 / 15 7.Which article of the Constitution envisages Budget? Article 360 Article 110 Article 112 Article 280 10 / 15 6.Who was the first Finance minister of independent India? John Mathai Shanmukhan Chetty C. D Deshmukhi Liaquat Ali Khan 11 / 15 5.Payment of salaries is covered under which form of government expenditure? Revenue Expenditure Capital expenditure Planned Expenditure UnplannedExpenditure 12 / 15 4.Which of the following is not covered under the revenue receipts of Government of India? Corporation Tax Loans from RBI Income Tax Custom Duties 13 / 15 3.Government receipts which neither create asset nor reduce any liability are called________. Revenue Receipts Capital Budget Cash Receipts Financial Receipts 14 / 15 2.The______records all the revenue receipts and expenditure. Capital Budget Cash Budget Revenue Budget Foreign Exchange Budget 15 / 15 1.If the revenue expense is more than that of receipts, it indicates that there is______________. Primary Deficit Fiscal Deficit Monetary Deficit Revenue Deficit Your score is LinkedIn Facebook Twitter VKontakte
