______ is the difference between total receipts and total expenditure.

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

________ increases the liability of the government.

1. Capital receipts
2. Capital expenditure
3. evenue receipts
4. Revenue expenditure

Expenditure by the government on the construction of a hospital building will be taken as ________ only as long as the hospital project is not completed.

1. plan revenue expenditure.
2. plan capital expenditure.
3. non-plan revenue expenditure.
4. non-plan capital expenditure.

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.

______ 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.

Budget is placed before:

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

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.

Find direct tax among the following taxes:

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

Choose the correct alternative.
According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________.

1. Zero.
2. Unity.
3. More than one.
4. Less than one.

Which of the following affects national income?

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