Government Budget NDA Questions

NDA Economics

Government Budget MCQ Questions


13.
Revenue receipts of the government are broadly classified into two categories, namely:
A.
Domestic revenue and foreign revenue
B.
Plan revenue and non-plan revenue
C.
Tax revenue and non-tax revenue
D.
Direct revenue and capital revenue
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ANSWER :
C. Tax revenue and non-tax revenue
14.
Which of the following is an example of non-tax revenue received by the Union Government?
A.
Customs duty
B.
Interest receipts on loans given by the government, along with dividends and profits from public sector undertakings
C.
Corporation tax
D.
Goods and Services Tax
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ANSWER :
B. Interest receipts on loans given by the government, along with dividends and profits from public sector undertakings
15.
Fees, fines and penalties collected by the government (for example, court fees or registration fees) are classified under which head of government receipts?
A.
Capital receipts
B.
Non-tax revenue
C.
Borrowings
D.
Tax revenue
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ANSWER :
B. Non-tax revenue
16.
The distinction between direct and indirect taxes, both of which form part of tax revenue, is based primarily on:
A.
The state in which they are collected
B.
Whether or not the burden of the tax can be shifted to another person
C.
The amount of revenue collected only
D.
The name of the government department collecting them
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ANSWER :
B. Whether or not the burden of the tax can be shifted to another person
17.
Capital receipts of the government are those receipts which:
A.
Cannot include any loans or borrowings
B.
Either create a liability (such as borrowings) or lead to a reduction in the government's assets (such as disinvestment)
C.
Neither create any liability nor reduce any asset
D.
Are collected only through direct taxes
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ANSWER :
B. Either create a liability (such as borrowings) or lead to a reduction in the government's assets (such as disinvestment)
18.
Which of the following is a major example of capital receipts, arising from the government borrowing funds from the public, financial institutions or foreign sources?
A.
Dividends from public sector undertakings
B.
Tax revenue
C.
Fees and fines
D.
Market borrowings/loans raised by the government
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ANSWER :
D. Market borrowings/loans raised by the government