One year period from 1 April to 31 March of next year is called a:

1. Monetary year.
2. Fiscal year.
3. Plan year.
4. Tax year.

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.

Loans granted to State Governments is an example of ________.

1. revenue receipts.
2. capital receipts.
3. revenue expenditure.
4. capital expenditure.

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.

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.

In a government budget, revenue deficit is 50,000 crore and borrowings are ₹ 75,000 crore. How much is the fiscal deficit?

1. 50000 crore.
2. 75000 crore.
3. 25000 crore.
4. 25000 crore.

If budgetary deficit is nil and borrowings and other liabilities are 70 crore, what is the amount of fiscal deficit?

1. Nil.
2. 30 crore.
3. Can't say.
4. 70 crore.

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.

______ is the difference between total receipts and total expenditure.

1. Fiscal deficit.
2. Budget deficit.
3. Revenue deficit.
4. Capital deficit.

Repayment of Loans is an example of:

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