Pension payment is an example of:

1. Plan Expenditure.
2. Revenue Expenditure.
3. Capital Expenditure.
4. Non-Plan Expenditure.

Which part of government budget shows the current receipts?

1. Capital budget.
2. Revenue budget, as they are recurring in nature.
3. Both (a) and (b).
4. Neither (a) nor (b).

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

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

Choose the correct alternative.
According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________.

1. Zero.
2. Unity.
3. More than one.
4. Less than one.

Which objective of government budget increases equality in the society?

1. Re-distribution of income and wealth.
2. Economic stability.
3. Allocation of resources.
4. Economic growth.

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.

Budget is a:

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

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.

Find direct tax among the following taxes:

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

Payment of interest is:

1. Revenue expenditure.
2. Capital expenditure.
3. Primary deficit.
4. Fiscal deficit.