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Indian Budget Quiz 2 (60 MCQs)

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1. Which out of the following is a non-developmental expenditure?
2. Fiscal deficit =
3. What is is the deliberate attempt by RBI to keep foreign exchange rate in a desired limit is called
4. How many types of budget are there? ? ?
5. Identify the revenue receipts from the following
6. An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as
7. In India, fiscal year is the year which begins on ..... and ends on ..... of the following year.
8. The finance minister puts the disinvestments receipts at
9. Who was the first female finance minister of India? ? ?
10. ..... costs money
11. In order to prevent piracy and contact theft of Bollywood films which regulation will be introduced in the Indian Cinematograph Act?
12. Government budget shows a primary deficit of Rs. 6900 crore. The revenue expenditure on interest am and is Rs. 400 crore. How much is the fiscal deficit?
13. FOLLOWING IS AN EXAMPLE OF DIRECT TAX
14. The fiscal deficit for 2019-20 is estimated to be ..... per cent of the gross domestic product (GDP).
15. Progressive taxation of government doesn't include
16. . What was the theme of the Union Budget 2020-21? (a)Har Nagrik Jeetega (b)Ease of Living(c)Ude Desh ka Aam Nagrik(d)Sabka Sath, Sabka Vikas aur Sabka Vishwas
17. In which of the following ways, can deficit in budget be financed?
18. What is the biggest item of government expenditure in budget 2019-20?
19. Expenditure on the vaccination of people for Covid 19 is
20. Who was the first finance minister of India? ? ?
21. Identify which doesn't belongs to group
22. Which is the highest Finance Authority of India.
23. The rate of GST on Luxury items like Fridge, Motar car etc is.
24. Simulated sales test are found ..... in its results
25. The 22nd All India Institute of Medical Sciences (AIIMS) will be set up in which state, as per the Interim Budget 2019-20?
26. Disinvestment is an example of
27. Under the Ujjwala scheme how many free LPG connections to rural households have been provided so far?
28. What is the next step after the preparation of the budget
29. Primary Deficit is a part of
30. Capital receipts refers to
31. Construction of school building is:
32. The 22nd All India Institute of Medical Sciences (AIIMS) will be established in which state?
33. We aim on achieving excellence in health, safety and environment standards and practices:
34. The amount collected by the government in the form of interest, fees, and dividends is known as .....
35. ..... advertising is a well planned effort to corner competitors
36. Borrowing in government budget is:
37. Which statement is not correct about budget 2019-20?
38. Who is the current home minister of India? ? ?
39. When incidence and burden of tax falls on different persons that type of tax is called:
40. Gift tax is a paper tax because .....
41. Capital expenditure is the expenditure on
42. Direct tax is called direct because it is collected directly from:
43. India remains Lower-Middle Income Nation for a year 2020-21.In this regard, consider the following statement . 1.World Bank assign World economies to various income groups. 2.Grouping is done on the basis of Gross National Income per capita
44. FINANCIAL YEAR IN INDIA IS
45. Tax that is imposed on value added at the various stages of production is known as:
46. Who is the current finance minister of India .
47. GST received by the government is a
48. The revenue generated by the government through tax and non-tax source is
49. Which bank has sole right of issuing notes
50. The government budget has a revenue deficit. This gets financed by:A. Borrowings B. Disinvestment C. Tax revenue D. Indirect Tax
51. What is the biggest item of income of the central government in 2019-20 budget?
52. Which of the following regulates the working of share Market in India.
53. As per the Interim Budget 2019-20, Individual tax payers with taxable income of up to what amount will get full tax rebate from now on?
54. In ..... method respondent has to judge two advertisements at a time
55. The advertising ..... sets a limit on the advertising expenditure
56. Meaning of the word Economics is drived from which of the Greek word.
57. Which statement(s) is/are correct regarding capital receipts?
58. In the interim Budget 2019 speech given by interim Finance Minister Piyush Goyal, which north-eastern state came to the air map recently with the clearance of the Hollongi airport?
59. Assertion (A):Fiscal position shows a better position of the government expenditure in comparison to the budget deficit.Reason(R):Fiscal deficit means borrowings to the govt.
60. As we continue to grow, we are committed to the triple bottom line of People, Planet and Prosperity to create a sustainable future in a zero harm environment for our communities.
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