Government Budget NDA Questions

NDA Economics

Government Budget MCQ Questions


7.
Which is NOT a type of budget?
A.
Balanced budget
B.
Surplus budget
C.
Debt-free budget
D.
Deficit budget
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ANSWER :
C. Debt-free budget
8.
Capital receipts include ________.
A.
Taxes
B.
Borrowings
C.
Salaries
D.
Subsidies
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ANSWER :
B. Borrowings
9.
The term "vote-on-account" refers to ________.
A.
Approval of entire budget
B.
Temporary allocation of funds
C.
Long-term fiscal plan
D.
Tax exemptions
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ANSWER :
B. Temporary allocation of funds
10.
What is the primary source of revenue in the Indian budget?
A.
Customs duty
B.
Excise duty
C.
Income tax
D.
GST
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ANSWER :
D. GST
11.
Which of the following is NOT a part of the capital budget?
A.
Borrowings
B.
Loans
C.
Infrastructure spending
D.
Salaries
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ANSWER :
D. Salaries
12.
The fiscal policy of the government deals with ________.
A.
Trade policy
B.
Financial allocation
C.
Monetary policy
D.
Foreign exchange
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ANSWER :
B. Financial allocation