Government Budget and the Economy  Class 12 MCQs Questions with Answers

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

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

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

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

5. Professional tax is imposed by:

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

7. Direct tax is :

8. Financial Year in India is:

9. Budget speech in Lok Sabha is given by:

10. Borrowing in the government budget is:

11. Which objectives government attempts to obtain by Budget

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

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

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

15. Budget is presented in the Parliament by:

16. The duration of the Government budget is:

17. Which is a component of the Budget Receipt?

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

19. Capital budget consist of:

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