Expenditure by the government on the construction of a hospital building will be taken as ________ only as long as the hospital project is not completed.

1. plan revenue expenditure.
2. plan capital expenditure.
3. non-plan revenue expenditure.
4. non-plan capital expenditure.

Disinvestment of government companies and borrowings from World Bank comes under _______ of the government.

1. total receipts
2. capital receipts
3. loan receipts
4. revenue receipts

______ items are those items which do not create a liability or do not lead to reduction in assets.

1. Capital.
2. Development.
3. Non-development.
4. Revenue.

The final burden of _______ cannot be shifted to others.

1. direct tax
2. indirect tax
3. Both (a) and (b)
4. Neither (a) nor (b)

Find direct tax among the following taxes:

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

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.

Which of the following statement is not correct?

1. Dividends on investment made by government is a revenue receipt.
2. Borrowing from public is a capital receipt.
3. Subsidy on diesel oil for cars is a wasteful expenditure by the government.
4. Non-plan expenditure does not contribute to social welfare.

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.

Capital receipts may come from:

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

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.