The government starts selling its securities to private sector. What is this process called?

1. Open market operation.
2. Disinvestment.
3. Monetary expansion.
4. None of these.

Budget is a:

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

Government provides various goods like roads, parks, street light and defence services etc to general public through budgetary provisions. These goods are called ________.

1. budgetary goods.
2. government goods.
3. public goods.
4. private goods.

______ items are those items which do not create a liability or do not lead to reduction in assets.

1. Capital.
2. Development.
3. Non-development.
4. Revenue.

Income tax receipts are the part of _______ receipts of the government.

1. direct tax revenue
2. indirect tax revenue
3. non-tax revenue
4. capital revenue

Primary deficit in a government budget is: (Choose the correct alternative)

1. Revenue expenditure - Revenue receipts.
2. Total expenditure - Total receipts.
3. Revenue deficit - Interest payments.
4. Fiscal deficit - Interest payments.

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.

A large fiscal deficit implies:

1. Very small amount of borrowings.
2. Small amount of borrowings.
3. Large amount of borrowings.
4. No borrowings.

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.

Which of the following affects national income?

1. Goods and Services Tax.
2. Corporation Tax.
3. Subsidies.
4. None of these.