This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Budget > Indian Budget – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Budget Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Union Budget keeps the account of the government's finances for the fiscal year that runs from ..... A) 31st April to 1st March of next year. B) 1st April to 31st March of next year. C) 1st March to 31st April of next year. D) 1st January to 31st December of same year. Show Answer Correct Answer: B) 1st April to 31st March of next year. 2. Who presented India's first-ever Budget? A) James Wilson. B) C Rajgopalachari. C) Jawaharlal Nehru. D) Lord Mountbatten. Show Answer Correct Answer: A) James Wilson. 3. According to Economics Survey of 2016-17, which state had the highest growth of Gross State Domestic Product(GSDP) A) Kerala. B) Maharashtra. C) Gujarat. D) Madhya pradesh. Show Answer Correct Answer: B) Maharashtra. 4. India is the fastest highway developer in the whole world, how many km of highways are getting built each day? A) 22 km. B) 25 km. C) 27 km. D) 12 km. Show Answer Correct Answer: C) 27 km. 5. Which of the following is not non tax revenue receipts of government? A) Excise duty. B) Escheat. C) Special assessment. D) Fees and fines. Show Answer Correct Answer: A) Excise duty. 6. The government has increased the Gratuity limit from Rs 10 lakh to Rs ..... lakh? A) 22 Lakh. B) 25 Lakh. C) 30 Lakh. D) 40 Lakh'. Show Answer Correct Answer: C) 30 Lakh. 7. ..... is paid for A) Direct marketing. B) Publicity. C) Public relations. D) Advertorial. Show Answer Correct Answer: D) Advertorial. 8. Fiscal deficit is calculated as A) Revenue receipts-Revenue expenditure. B) Total Revenue-Total expenditure. C) (Revenue receipts+ Non-debt capital receipts)-Total expenditure. D) Primary deficit-interest payment. Show Answer Correct Answer: C) (Revenue receipts+ Non-debt capital receipts)-Total expenditure. 9. 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. 10. In which type of Budget expenditure is more than income . A) Balanced. B) Deficit. C) Surplus. D) Imbalnced. Show Answer Correct Answer: B) Deficit. 11. When money value is equal to commodity value it is called A) Fiat money. B) Credit money. C) Fiduciary money. D) Full bodied money. Show Answer Correct Answer: D) Full bodied money. 12. Which one of the following is a part of capital expenditure? A) Salary paid to government employees. B) Expenditure on construction of roads. C) Pension paid to retired government employees. D) Interest paid on national debt. Show Answer Correct Answer: B) Expenditure on construction of roads. 13. When was green revolution started in india. A) 1960s. B) 1950s. C) 1970s. D) 2010s. Show Answer Correct Answer: A) 1960s. 14. 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. 15. " 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. 16. When was budgeting invented? ? ? A) 1760. B) 1860. C) 1660. D) None of above. Show Answer Correct Answer: A) 1760. 17. Who is regarded as the father of economics? A) Adam smith. B) John Maynard Keynes. C) Karl Marx. D) Kautilya. Show Answer Correct Answer: A) Adam smith. 18. Till when the government wants to eliminate the 'Tuberculosis'? (a) 2030(b) 2027(c) 2025(d) 2022 A) A. B) B. C) C. D) D. Show Answer Correct Answer: C) C. 19. 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. 20. Payment of loan is: A) Revenue expenditure. B) Capital expenditure. C) Revenue receipts. D) Capital receipts. Show Answer Correct Answer: B) Capital expenditure. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesIndian Budget Quiz 1Indian Budget Quiz 2Indian Budget Quiz 3Indian Budget Quiz 4Indian Budget Quiz 5Indian Budget Quiz 6Indian Budget Quiz 7Indian Budget Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books