Zero ________ means that the government has to resort to borrowings only to make interest payments.

1. budget deficit
2. fiscal deficit
3. primary deficit
4. revenue deficit

When the government tries to meet the gap of public expenditure and public revenue through borrowing from the banking system, it is called _______.

1. Deficit financing.
2. Debt financing.
3. Credit financing.
4. None of them.

Disinvestment of government companies and borrowings from World Bank comes under _______ of the government.

1. total receipts
2. capital receipts
3. loan receipts
4. revenue receipts

Which out of the following is an indirect tax?

1. Corporation tax.
2. Value Added Tax.
3. Income Tax.
4. Wealth Tax.

Repayment of Loans is an example of:

1. Capital Expenditure.
2. Non-Plan Expenditure.
3. Revenue Expenditure.
4. Plan Expenditure.

If revenue expenditure is ₹ 980 crore, tax revenue is ₹ 410 crore and non-tax revenue is ₹ 365 crore, then find revenue deficit.

1. ₹ 615 crore
2. ₹ 205 crore
3. ₹ 765 crore
4. ₹ 570 crore

Disinvestment by government means:

1. Selling of its fixed capital assets.
2. Selling of shares of public enterprises held by it.
3. Selling of its buildings.
4. All the above.

Among the following types of taxes, find the indirect one

1. Gift tax.
2. Corporate income tax.
3. VAT.
4. Wealth tax.

Choose the correct alternative.
According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________.

1. Zero.
2. Unity.
3. More than one.
4. Less than one.

Which part of government budget shows the current receipts?

1. Capital budget.
2. Revenue budget, as they are recurring in nature.
3. Both (a) and (b).
4. Neither (a) nor (b).