A _________ is a legally compulsory payment imposed by the government on the households and producers.

1. penalty
2. fine
3. fees
4. tax

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.

If the total receipts are 1000 crore and total expenditure is 1500 crore, how much will be the budgetary deficit?

1. 500 crore.
2. 1500 crore.
3. 1000 crore.
4. 500 crore.

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

If total expenditure is ₹ 3250 crore, revenue receipt is ₹ 180 crore and capital receipt is ₹ 30 crore, then budget deficit would be:

1. ₹ 220 crore
2. ₹ 210 crore
3. ₹ 40 crore
4. ₹ 70 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.

Find direct tax among the following taxes:

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

Disinvestment by government means:

1. Selling of its fixed capital assets.
2. Selling of shares of public enterprises held by it.
3. Selling of its buildings.
4. All the above.

Subsidies are an example of:

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

Borrowing in government budget is: (choose the correct alternative)

1. Revenue deficit.
2. Fiscal deficit.
3. Primary deficit.
4. Deficit in taxes.