Government Budget and the Economy  Class 12 MCQs Questions with Answers

1. In India, one rupee note is issued by:

2. Borrowing in the government budget is:

3. An annual statement of the estimated receipts and expenditure of the government over the fiscal year is known as

4. The primary deficit in a government budget will be zero, when _______

5. Which objectives government attempts to obtain by Budget

6. Which of the following is an example of direct tax?

7. The non-tax revenue in the following is:

8. The duration of the Government budget is:

9. Budget is presented in the Parliament by:

10. Which is a component of the Budget Receipt?

11. Budget speech in Lok Sabha is given by:

12. Which of the following is not a revenue receipt?

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

14. From the following which is included in the direct tax:

15. Financial Year in India is:

16. Professional tax is imposed by:

17. The amount collected by the government as taxes and duties is known as _______

18. Direct tax is called direct because it is collected directly from:

19. Capital budget consist of:

20. Direct tax is :