Government Budget and the Economy  Class 12 MCQs Questions with Answers

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

2. Borrowing in the government budget is:

3. Budget speech in Lok Sabha is given by:

4. Which is a component of the Budget Receipt?

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

6. Direct tax is :

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

8. The duration of the Government budget is:

9. Capital budget consist of:

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

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

12. Which objectives government attempts to obtain by Budget

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

14. Budget is presented in the Parliament by:

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

16. Financial Year in India is:

17. Professional tax is imposed by:

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

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

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