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 non-tax revenue in the following is: (choose the correct alternative)

1. Export duty.
2. Import duty.
3. Dividends.
4. Excise.

Subsidies are an example of:

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

Find direct tax among the following taxes:

1. Personal income tax.
2. Excise duty.
3. Sales tax.
4. Service tax.

Which out of the following is an indirect tax?

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

The final burden of _______ cannot be shifted to others.

1. direct tax
2. indirect tax
3. Both (a) and (b)
4. Neither (a) nor (b)

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.

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

Budget is placed before:

1. Lok Sabha.
2. Rajya Sabha.
3. Both Lok Sabha and Rajya Sabha.
4. Parliament.

Primary deficit equals: (Choose the correct alternative)

1. Borrowings.
2. Interest payments.
3. Borrowings less interest payments.
4. Borrowings and interest payments both.