________ taxes do not depend on the level of income.

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

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.

Budget is a:

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

Which out of the following is a non-developmental expenditure?

1. Scientific research.
2. Social Welfare.
3. Administration.
4. None of these.

Income tax receipts are the part of _______ receipts of the government.

1. direct tax revenue
2. indirect tax revenue
3. non-tax revenue
4. capital revenue

Budget is placed before:

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

While financing a deficit, under which measure government can print more currency:

1. Deficit financing.
2. Disinvestment.
3. By issuing bonds.
4. None of them.

Primary deficit in a government budget is: (Choose the correct alternative)

1. Revenue expenditure - Revenue receipts.
2. Total expenditure - Total receipts.
3. Revenue deficit - Interest payments.
4. Fiscal deficit - Interest payments.

Which out of the following is an indirect tax?

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

Which article of the Constitution takes about the budget?

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