Budget is placed before:

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

Which article of the Constitution takes about the budget?

1. Article 110
2. Article 111
3. Article 112
4. Article 113

A Government budget is prepared for a fiscal year running from:

1. 1st January to 31st December.
2. 1st April to 31st December.
3. 1st April to 31st March.
4. 1st January to 30th April.

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.

Which out of the following is an indirect tax?

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

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.

________ taxes do not depend on the level of income.

1. Direct
2. Indirect
3. Progressive
4. Lumpsum

______ is the difference between total receipts and total expenditure.

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

Subsidies are an example of:

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

Interest payments are subtracted from which deficit to arrive at Primary Deficit:

1. Revenue Deficit.
2. Capital Deficit.
3. Fiscal Deficit.
4. None of these.