Payment of interest is:

1. Revenue expenditure.
2. Capital expenditure.
3. Primary deficit.
4. Fiscal deficit.

A government shows a primary deficit of 34400 crore. The revenue expenditure on interest payment is 400 crore. How much is the fiscal deficit?

1. 4000 crore.
2. 4800 crore.
3. 4400 crore.
4. 400 crore.

Which of the following affects national income?

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

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

Budget is a:

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

Find direct tax among the following taxes:

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

A large fiscal deficit implies:

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

Which objective of government budget increases equality in the society?

1. Re-distribution of income and wealth.
2. Economic stability.
3. Allocation of resources.
4. Economic growth.

Subsidies are an example of:

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

Repayment of Loans is an example of:

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