This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Polity > Finance > Budget > Indian Budget – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Budget Quiz 5 (22 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The government has increased the Gratuity limit from Rs 10 lakh to Rs ..... lakh? A) 40 Lakh'. B) 22 Lakh. C) 30 Lakh. D) 25 Lakh. Show Answer Correct Answer: C) 30 Lakh. 2. ..... is paid for A) Direct marketing. B) Advertorial. C) Public relations. D) Publicity. Show Answer Correct Answer: B) Advertorial. 3. Fiscal deficit is calculated as A) Primary deficit-interest payment. B) Total Revenue-Total expenditure. C) Revenue receipts-Revenue expenditure. D) (Revenue receipts+ Non-debt capital receipts)-Total expenditure. Show Answer Correct Answer: D) (Revenue receipts+ Non-debt capital receipts)-Total expenditure. 4. How was the Budget 20-21 presented this time: A) Ipad made in India. B) Briefcase. C) Bahi khata. D) None of above. Show Answer Correct Answer: A) Ipad made in India. 5. In which type of Budget expenditure is more than income . A) Balanced. B) Surplus. C) Deficit. D) Imbalnced. Show Answer Correct Answer: C) Deficit. 6. When money value is equal to commodity value it is called A) Fiduciary money. B) Credit money. C) Full bodied money. D) Fiat money. Show Answer Correct Answer: C) Full bodied money. 7. Which one of the following is a part of capital expenditure? A) Expenditure on construction of roads. B) Pension paid to retired government employees. C) Salary paid to government employees. D) Interest paid on national debt. Show Answer Correct Answer: A) Expenditure on construction of roads. 8. When was green revolution started in india. A) 1960s. B) 2010s. C) 1970s. D) 1950s. Show Answer Correct Answer: A) 1960s. 9. Which of the following are objectives of government budget? A) Distribution of income and wealth. B) Economic stability. C) GDP growth. D) All of these. Show Answer Correct Answer: D) All of these. 10. " Public finance is concerned with the income and expenditure of public authorities with the adjestment of one to another" . was said by A) Dalton. B) Collin Clark. C) Amarthyasen. D) Maier and Baldwin. Show Answer Correct Answer: A) Dalton. 11. When was budgeting invented? ? ? A) 1760. B) 1860. C) 1660. D) None of above. Show Answer Correct Answer: A) 1760. 12. Who is regarded as the father of economics? A) Karl Marx. B) John Maynard Keynes. C) Kautilya. D) Adam smith. Show Answer Correct Answer: D) Adam smith. 13. Till when the government wants to eliminate the 'Tuberculosis'? (a) 2030(b) 2027(c) 2025(d) 2022 A) C. B) A. C) D. D) B. Show Answer Correct Answer: A) C. 14. Capital receipts are shown on which side of balance sheet A) Assets. B) Liabilities. C) Both sides. D) None of above. Show Answer Correct Answer: B) Liabilities. 15. Payment of loan is: A) Capital receipts. B) Revenue expenditure. C) Revenue receipts. D) Capital expenditure. Show Answer Correct Answer: D) Capital expenditure. 16. While financing a deficit, under which measure government can print more currency: A) Deficit financing. B) Disinvestment. C) By issuing bonds. D) None of them. Show Answer Correct Answer: A) Deficit financing. 17. Which Kisan yojana was launched recently by the Union Government in the presentation of Budget 2019? A) Pradhan Mantri Krishi Sichai Yojana. B) Pradhan Mantri Kisan Yojana. C) Pradhan Mantri Kisan Samman Nidhi. D) Pradhan Mantri Krishi Yojana. Show Answer Correct Answer: C) Pradhan Mantri Kisan Samman Nidhi. 18. The government withdraws its investment from its own industries is called A) Disinvestment. B) Closure of industries. C) Privatisation of industries. D) Investment. Show Answer Correct Answer: A) Disinvestment. 19. What is the largest item of expenditure(in terms of percentage) in the Union Budget 2020-21? (a)Interest payments(b)State's share of taxes and duties(c) Defence Expenditure (d)None of the above A) D. B) C. C) B. D) A. Show Answer Correct Answer: C) B. 20. Which of the following is not the objective of Indian Budget? I. To managed and proper distribution of resources II. To reduce inequalities in income and wealth III. To achieve social stability Code: A) Only I. B) Neither I nor II. C) Only III. D) Only II. Show Answer Correct Answer: C) Only III. 21. Subsidies are an example of: A) Revenue expenditure. B) Capital expenditure. C) Plan expenditure. D) None of them. Show Answer Correct Answer: A) Revenue expenditure. 22. Viral marketing is a form of ..... advertising A) Television. B) Outdoor. C) Print. D) Digital. Show Answer Correct Answer: D) Digital. ← PreviousRelated QuizzesFinance QuizzesIndian Polity QuizzesIndian Budget Quiz 1Indian Budget Quiz 2Indian Budget Quiz 3Indian Budget Quiz 4 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books