Indian Budget Quiz 5 (20 MCQs)

Quiz Instructions

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1. What is the biggest item of government expenditure in budget 2019-20?

Correct Answer: D) Share of the states in taxes and fees.

2. Expenditure on the vaccination of people for Covid 19 is

Correct Answer: A) Revenue expenditure.

3. Who was the first finance minister of India? ? ?

Correct Answer: B) R. K. Shanmukham Chetty.

4. Identify which doesn't belongs to group

Correct Answer: D) Import-export taxes.

5. Which is the highest Finance Authority of India.

Correct Answer: A) RBI.

6. The rate of GST on Luxury items like Fridge, Motar car etc is.

Correct Answer: C) 28%.

7. Simulated sales test are found ..... in its results

Correct Answer: B) Inconsistent.

8. The 22nd All India Institute of Medical Sciences (AIIMS) will be set up in which state, as per the Interim Budget 2019-20?

Correct Answer: A) Haryana.

9. Disinvestment is an example of

Correct Answer: A) Capital expenditure.

10. Under the Ujjwala scheme how many free LPG connections to rural households have been provided so far?

Correct Answer: C) 6 crore.

11. What is the next step after the preparation of the budget

Correct Answer: B) Enactment.

12. Primary Deficit is a part of

Correct Answer: B) Fiscal Deficit.

13. Capital receipts refers to

Correct Answer: A) Inflow of cash.

14. Construction of school building is:

Correct Answer: A) Capital expenditure.

15. The 22nd All India Institute of Medical Sciences (AIIMS) will be established in which state?

Correct Answer: C) Haryana.

16. We aim on achieving excellence in health, safety and environment standards and practices:

Correct Answer: A) Excellence.

17. The amount collected by the government in the form of interest, fees, and dividends is known as .....

Correct Answer: C) Non-tax revenue receipts.

18. ..... advertising is a well planned effort to corner competitors

Correct Answer: B) Ambush.

19. Borrowing in government budget is:

Correct Answer: B) Fiscal deficit.

20. Which statement is not correct about budget 2019-20?

Correct Answer: C) Government has introduced the Prime Minister 'Kisan Samman Nidhi Yojana'. This scheme will be in effect from 1st January, 2019.