Government Budget and the Economy  Class 12 MCQs Questions with Answers

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

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

3. Which is a component of the Budget Receipt?

4. Financial Year in India is:

5. Budget speech in Lok Sabha is given by:

6. Capital budget consist of:

7. The duration of the Government budget is:

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

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

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

11. Budget is presented in the Parliament by:

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

13. Direct tax is :

14. Which objectives government attempts to obtain by Budget

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

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

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

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

19. Borrowing in the government budget is:

20. Professional tax is imposed by: