Global MCQ Practice

🌐 Total MCQ
🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books

Indian Budget Quiz 1 (60 MCQs)

Quiz Instructions

Select an option to see the correct answer instantly.

1. Which of the following belongs to Micro economics .
2. Consider the following statement (s) is/are true about budget, budgeting & budgetary control.I. Budgetary control is a wider concept whereas Budget and budgeting are narrower conceptsII. Budget is the process of preparing business estimates.Which of the following statements is/are correct?
3. What does P in the LPG policy of 1991 stands for?
4. Building World Class attitudes among your people to plan & achieve challenging Goals:
5. What was the shape of the recovery of India's economy during the last year?
6. A tax, the burden of which can be shifted on to others, is called
7. The receipts which neither create any liability nor lead to any reduction in assets are called
8. What was the main focus of India's first five year plan in 1950.
9. Select the incorrect phase of budget process in India.
10. Retailers are known to use ..... advertising
11. How much rent will now be exempted from the TDS as per the Interim Budget 2019?
12. Cess newly imposed on petrol and diesel is
13. Spilt-run advertising is popular in ..... media
14. If LRR is .25, what will be money multiplier
15. Advertising is .....
16. Subsidies on fertilizers is a
17. Ambush advertising are ..... business practices
18. What is the biggest source of Income for the Central Government in the Union Budget 2020-21?
19. Tax, the impact of whitch lies on the person on whom it is legally imposed, is known as:
20. Checklist is like master .....
21. Our people are our most important assets. We actively encourage their development and support them in pursing their goals:
22. The government has decided to set up Rashtriya Kamdhenu Aayog for the welfare of which animal?
23. Web based marketing is an example of ..... advertising
24. Which of the following is a tax revenue receipts of government?
25. When was country's first Union Budget presented in the Parliament .
26. The rate which the income tax is imposed in India is called .....
27. An expenditure that provides benefit for less than one financial period is known as:
28. Which one of them is an Indirect tax
29. Which of the following documents are presented to the legislature along with the budget? I. An explanatory memorandum on the budget II. A summary of demands for grants III. An Appropriation Bill IV. A Finance Bill V. The economic survey Code:
30. The component of budget that creates an asset of the government is
31. We place utmost importance to engaging ethically and transparently with all our stakeholders, taking accountability of our actions to maintain the highest standards of professionalism.
32. Which of the following is not a non tax receipt?
33. We consistently deliver projects ahead of time at industry-leading costs of construction and within budget. We are constantly focused on achieving a top decile cost of production in each of our businesses.
34. India belongs to which type of economy?
35. An example for Indirect tax is
36. Zero primary deficit means
37. Money multiplier is equal to
38. The receipts which either create a liability or cause a reduction in the assets of the government is called
39. Which of the following are capital receipts of the Government?
40. ..... following is non tax receipt?
41. ..... advertising and internet go hand in hand
42. Which one of them is direct tax?
43. Pension payment is an example of:
44. If exports are to be increased then the currency of a country should be
45. Assertion (A):Income tax is a great source of revenue to the government.Reason(R):It is a direct tax as its burden can't be shifted.
46. Under Ayushman Bharat, which was launched to provide medical treatment to nearly 50 crore people, how many sick people till now have got treatment?
47. For how long is each budget prepared
48. The government has set a target of building how many digital villages in the next 5 years?
49. Primary deficit= ..... interest payment.
50. We lay consistent emphasis on human rights; respect the principle of free, prior, informed consent, while our engagements with stakeholders give local communities the opportunity to voice their opinions and concerns.
51. Interim budget is also known as .....
52. Who presented the first budget in India 1860? ? ?
53. ..... are most popular in rural marketing to sell FMCG
54. Primary deficit in a government budget is .....
55. The authorization for the withdrawal of funds from the consolidated Fund of India must come from:
56. Who introduced income tax in India? ? ?
57. It neither creates an asset nor reduces liability
58. ..... media has the second highest reach in urban India
59. The preparation of the budget is usually started in which month
60. In India GST is introduced with effect from
🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books