Government Budgeting UPSC Questions

Economics

Government Budgeting MCQ Questions


13.
The government sector affects the personal disposable income of households by making transfers and _____
A.
Laying roads
B.
Building layovers
C.
Collecting taxes
D.
None of the above
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ANSWER :
C. Collecting taxes
14.
The government can change the distribution of income and bring about a distribution that is considered ‘fair’ by society, is called
A.
Collective function
B.
Unfair distribution
C.
Fair distribution
D.
Redistribution function
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ANSWER :
D. Redistribution function
15.
The intervention of the government whether to expand demand or reduce it constitutes the
A.
Stabilisation function
B.
Unfair distribution function
C.
Redistribution function
D.
Collective function
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ANSWER :
A. Stabilisation function
16.
The overall level of employment and prices in the economy depends upon the level of _____
A.
Joint demand
B.
Composite demand
C.
Agregate demand
D.
Income demand
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ANSWER :
C. Agregate demand
17.
Direct taxes like wealth tax, gift tax and estate duty (now abolished) have never brought in large amount of revenue and thus have been referred to as
A.
Paper taxes
B.
Revenue budget
C.
Income tax
D.
Sales tax
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ANSWER :
A. Paper taxes
18.

Arrange the following "Government Budget" components from top to bottom.
a) Non-tax revenue
b) Revenue expenditure
c) Revenue budget
d) Government budget

A.

d,c,b,a

B.

a,d,c,b

C.

d,c,a,b

D.

b,a,d,c

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ANSWER :

A. d,c,b,a