Government Budget and the Economy  Class 12 MCQs Questions with Answers

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

2. The duration of the Government budget is:

3. Direct tax is :

4. Which is a component of the Budget Receipt?

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

6. Which objectives government attempts to obtain by Budget

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

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

9. Capital budget consist of:

10. Budget speech in Lok Sabha is given by:

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

12. Budget is presented in the Parliament by:

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

14. Professional tax is imposed by:

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

16. Borrowing in the government budget is:

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

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

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

20. Financial Year in India is: