Government Budget and the Economy  Class 12 MCQs Questions with Answers

1. Budget is presented in the Parliament by:

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

3. Financial Year in India is:

4. Direct tax is :

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

6. Budget speech in Lok Sabha is given by:

7. Borrowing in the government budget is:

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

9. The duration of the Government budget is:

10. Capital budget consist of:

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

12. Which is a component of the Budget Receipt?

13. Professional tax is imposed by:

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

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

16. Which objectives government attempts to obtain by Budget

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

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

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

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