Government Budgeting UPSC Questions

Economics

Government Budgeting MCQ Questions


1.
An economy in which there is both the private sector and the Government is known as a _____.
A.
Mixed economy
B.
Traditional economy
C.
Command economy
D.
Market economy
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ANSWER :
A. Mixed economy
2.
This ‘Annual Financial Statement’ constitutes the main _____ document of the government.
A.
Expenditure
B.
Report
C.
Economy
D.
Budget
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ANSWER :
D. Budget
3.
The receipts and expenditure that relate to the current financial year only are included in the revenue account called _____
A.
Capital budget
B.
Revenue budget
C.
Static budget
D.
Variance budget
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ANSWER :
B. Revenue budget
4.
The receipts and expenditure that concern the assets and liabilities of the government into the capital account is called
A.
Capital budget
B.
Revenue budget
C.
Static budget
D.
Variance budget
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ANSWER :
A. Capital budget
5.
Goods such as the national defence, roads, government administration are referred to as
A.
Club goods
B.
Private goods
C.
Public goods
D.
Common resources
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ANSWER :
C. Public goods
6.
Which among the following are the private goods?
A.
Cars
B.
Clothes
C.
Food items
D.
All the above
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ANSWER :
D. All the above