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

Under which budget, governments estimated revenue is equal to government's estimated expenditure?

1. Balanced budget.
2. Constant budget.
3. Deficit budget.
4. Revenue budget.

Budget is a:

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

Which out of the following is an indirect tax?

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

________ taxes do not depend on the level of income.

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

Loans granted to State Governments is an example of ________.

1. revenue receipts.
2. capital receipts.
3. revenue expenditure.
4. capital expenditure.

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

Which article of the Constitution takes about the budget?

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

In a government budget, revenue deficit is 50,000 crore and borrowings are ₹ 75,000 crore. How much is the fiscal deficit?

1. 50000 crore.
2. 75000 crore.
3. 25000 crore.
4. 25000 crore.

Which of the following affects national income?

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