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Indian Budget Quiz 8 (25 MCQs)

Quiz Instructions:

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1. _____ is the expenditure which is related to some specified plan for the year.
2. Revenue expenditure
3. The number of operational airports has crossed 100 with the commissioning of the latest airport in which state?
4. Which statement(s) is/are correct regarding revenue receipts?
5. What is the biggest source of Income for the Central Government in the Union Budget 2020-21? (a)Goods and Services Tax(b)Corporation Tax(c)Income Tax (d) Borrowings and other liabilities
6. Who approves the budget once its prepared
7. Identify which of the following statement is true?
8. Fiscal deficit is equal to
9. Who is the father of tax? ? ?
10. According to RBI, Since Independence in 1947, India has faced four recession, which of the following were the reasons of recession in India. 1.Balance payment 2.Energy Crises 3.Drought 4.Oil shock
11. Which one of the following is not an objective of government budget?
12. Income tax refunds will be processed within _____ hours and released immediately?
13. Following is the feature of direct taxes
14. Which country first introduced Budget? ? ?
15. Under the Union Government's new scheme for the farmers, how much direct income support will be provided in a year?
16. What is the target (in terms of GDP) of Fiscal Deficit for FY 2019-20?
17. Our primary focus is delivering value of the highest standard to our stake holders:
18. Assertion:Highway and roads are announced in Kerala, Tamil Nadu and West Bengal in Budget, 2021.Reason:Such announcements will increase the revenue expenditure of the Government.
19. Progressive tax is a tex which is _____
20. Which of the following is a capital receipt
21. Revenue earned by government from the property without any legal heir is called;
22. What does M in M Banking stands for.
23. Measuring advertising effectiveness is the process of _____ ad campaigns
24. Which of the following are objectives of budget?
25. Tax collected is
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