A government shows a primary deficit of 10,000 crore. The revenue expenditure on interest payment is 8000 crore. How much is the fiscal deficit?

1. 8000 crore.
2. 18000 crore.
3. 1000 crore.
4. 8000 crore.

Budget is a:

1. Financial statement.
2. Monetary statement.
3. Political statement.
4. All of them.

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.

Subsidies are an example of:

1. Revenue Expenditure.
2. Capital Expenditure.
3. Plan Expenditure.
4. None of them.

Direct tax is called direct because it is collected directly from: (Choose the correct)

1. The producers on goods produced.
2. The sellers on goods sold.
3. The buyers of goods.
4. The income earners.

If the total receipts are 1000 crore and total expenditure is 1500 crore, how much will be the budgetary deficit?

1. 500 crore.
2. 1500 crore.
3. 1000 crore.
4. 500 crore.

Under which budget, governments estimated revenue is equal to government's estimated expenditure?

1. Balanced budget.
2. Constant budget.
3. Deficit budget.
4. Revenue budget.

Among the following types of taxes, find the indirect one

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

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

________ taxes do not depend on the level of income.

1. Direct
2. Indirect
3. Progressive
4. Lumpsum