This quiz works best with JavaScript enabled. Home > Indian Polity > Finance > Budget > Indian Budget – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Budget Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... advertising and internet go hand in hand A) Viral. B) Transit. C) Digital. D) None of above. Show Answer Correct Answer: C) Digital. 2. Which one of them is direct tax? A) Income tax. B) GST. C) Escheat. D) Special Assessment. Show Answer Correct Answer: A) Income tax. 3. Pension payment is an example of: A) Plan expenditure. B) Revenue expenditure. C) Capital expenditure. D) Non-plan expenditure. Show Answer Correct Answer: B) Revenue expenditure. 4. If exports are to be increased then the currency of a country should be A) Appreciated. B) No change. C) Depreciated. D) Appreciated or depreciated. Show Answer Correct Answer: C) Depreciated. 5. 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. A) Both Assertion (A) and Reason (R ) are true and Reason (R ) is the correct explanation of the Assertion (A). B) Both Assertion (A) and Reason (R ) are true and Reason (R ) is not the correct explanation of the Assertion (A). C) Assertion (A) is true but the Reason (R ) is false. D) Assertion (A) is false but the Reason (R ) is true. Show Answer Correct Answer: A) Both Assertion (A) and Reason (R ) are true and Reason (R ) is the correct explanation of the Assertion (A). 6. Under Ayushman Bharat, which was launched to provide medical treatment to nearly 50 crore people, how many sick people till now have got treatment? A) 15 lakh. B) 12 lakh. C) 10 lakh. D) 5 lakh. Show Answer Correct Answer: C) 10 lakh. 7. For how long is each budget prepared A) 5 years. B) 2 years. C) 4 years. D) 1 year. Show Answer Correct Answer: D) 1 year. 8. The government has set a target of building how many digital villages in the next 5 years? A) 50 thousand. B) 2 lakh. C) 1 lakh. D) 3 lakh. Show Answer Correct Answer: C) 1 lakh. 9. Primary deficit= ..... interest payment. A) Fiscal deficit. B) Primary deficit. C) Budget deficit. D) Revenue deficit. Show Answer Correct Answer: A) Fiscal deficit. 10. 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. A) Excellence. B) Entrepreneurship. C) Respect. D) Trust. Show Answer Correct Answer: C) Respect. 11. Interim budget is also known as ..... A) Mini budget. B) Vote on Account. C) Both of the above. D) None of the above. Show Answer Correct Answer: C) Both of the above. 12. Who presented the first budget in India 1860? ? ? A) Indira Gandhi. B) James Wilson. C) Albert Einstein. D) None of above. Show Answer Correct Answer: B) James Wilson. 13. Money supply is A) Currency with public. B) Demand deposits. C) Other deposits. D) All of these. Show Answer Correct Answer: D) All of these. 14. ..... are most popular in rural marketing to sell FMCG A) Gifts. B) Sachets. C) Illustration. D) None of above. Show Answer Correct Answer: B) Sachets. 15. Primary deficit in a government budget is ..... A) Revenue expenditure-Revenue receipts. B) Total expenditure-total receipts. C) Revenue deficit-interest payment. D) Fiscal deficit-interest payment. Show Answer Correct Answer: D) Fiscal deficit-interest payment. 16. The authorization for the withdrawal of funds from the consolidated Fund of India must come from: A) The President of India. B) The Parliament of India. C) The Prime Minister of India. D) The Union Finance Minister. Show Answer Correct Answer: B) The Parliament of India. 17. Who introduced income tax in India? ? ? A) Pete Phyrr. B) Jame Wilson. C) Palwankar baloo. D) None of above. Show Answer Correct Answer: B) Jame Wilson. 18. It neither creates an asset nor reduces liability A) Revenue expenditure. B) Capital expenditure. C) Revenue receipt. D) Capital receipt. Show Answer Correct Answer: A) Revenue expenditure. 19. ..... media has the second highest reach in urban India A) Film. B) Print. C) Tv. D) Radio. Show Answer Correct Answer: B) Print. 20. The preparation of the budget is usually started in which month A) September. B) March. C) January. D) October. Show Answer Correct Answer: A) September. ← PreviousNext →Related QuizzesFinance QuizzesIndian Polity QuizzesIndian Budget Quiz 1Indian Budget Quiz 2Indian Budget Quiz 4Indian Budget Quiz 5Indian Budget Quiz 6Indian Budget Quiz 7Indian Budget Quiz 8Indian Budget Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books