Government Budget and the Economy  Class 12 MCQs Questions with Answers

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

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

3. Which is a component of the Budget Receipt?

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

5. Borrowing in the government budget is:

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

7. Direct tax is :

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

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

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

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

12. Budget is presented in the Parliament by:

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

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

15. The duration of the Government budget is:

16. Capital budget consist of:

17. Budget speech in Lok Sabha is given by:

18. Financial Year in India is:

19. Which objectives government attempts to obtain by Budget

20. Professional tax is imposed by: