Zero ________ means that the government has to resort to borrowings only to make interest payments.

1. budget deficit
2. fiscal deficit
3. primary deficit
4. revenue deficit

Budget is placed before:

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

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

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

________ increases the liability of the government.

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

Budget is a:

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

When the government tries to meet the gap of public expenditure and public revenue through borrowing from the banking system, it is called _______.

1. Deficit financing.
2. Debt financing.
3. Credit financing.
4. None of them.

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.

Find direct tax among the following taxes:

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

Among the following types of taxes, find the indirect one

1. Gift tax.
2. Corporate income tax.
3. VAT.
4. Wealth tax.

Capital receipts may come from:

1. Market borrowings.
2. Provident funds.
3. Recoveries of loans.
4. All of them.