Government Budget NDA Questions

NDA Economics

Government Budget MCQ Questions


1.
The government budget refers to ________.
A.
Annual financial statement
B.
Monetary policy
C.
Trade policy
D.
Foreign investment policy
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ANSWER :
A. Annual financial statement
2.
Which article of the Indian Constitution mandates the presentation of the annual budget?
A.
Article 110
B.
Article 112
C.
Article 120
D.
Article 124
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ANSWER :
B. Article 112
3.
The fiscal deficit is calculated as ________.
A.
Revenue - Expenditure
B.
Total expenditure - Total revenue
C.
GDP - Tax revenue
D.
Exports - Imports
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ANSWER :
B. Total expenditure - Total revenue
4.
A budget is presented in ________.
A.
April
B.
January
C.
February
D.
March
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ANSWER :
C. February
5.
The Union Budget is prepared by ________.
A.
RBI
B.
Finance Ministry
C.
NITI Aayog
D.
Planning Commission
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ANSWER :
B. Finance Ministry
6.
Which of the following is a revenue receipt?
A.
Borrowings
B.
Taxes
C.
Loans
D.
Capital investment
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ANSWER :
B. Taxes