Government Budget and the Economy  Class 12 MCQs Questions with Answers

1. Which objectives government attempts to obtain by Budget

2. Borrowing in the government budget is:

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

4. Budget speech in Lok Sabha is given by:

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

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

10. Budget is presented in the Parliament by:

11. Financial Year in India is:

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

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

14. Which is a component of the Budget Receipt?

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

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

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

18. Professional tax is imposed by:

19. Direct tax is :

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