Table of contents | |
Multiple Choice Questions | |
True and False Questions | |
Match the Following | |
Very Short Answers | |
Short Answers |
Q2: What does a government budget show?
(a) Surplus and Deficit
(b) Only Surplus
(c) Only Deficit
(d) None of the Above
Q3: Which of the following is a capital receipt?
(a) Borrowings
(b) Tax Revenue
(c) Grants-in-Aid
(d) Interest Receipts
Q4: What is the primary deficit of the government budget?
(a) Fiscal Deficit - Interest Payments
(b) Fiscal Deficit + Interest Payments
(c) Fiscal Deficit / Interest Payments
(d) Fiscal Deficit x Interest Payments
Q5: What is the purpose of a government budget?
(a) To Control Inflation
(b) To Promote Economic Growth
(c) To Allocate Resources Efficiently
(d) All of the Above
Q2: Fiscal deficit represents the total borrowing requirements of the government from all sources.
Q3: Capital expenditure includes government spending on infrastructure projects and investments.
Q4: Revenue deficit occurs when the government's total revenue expenditure exceeds its total revenue receipts.
Q5: A budget surplus occurs when government revenue exceeds government expenditure.
Q2: What is fiscal policy, and how does it influence the government budget?
Q3: Describe the components of government expenditure. Provide examples of each component.
Q4: Briefly explain the concept of revenue deficit and its implications for the economy.
Q5: How does the government create money through its budget? Explain the process.
Q2: Explain the concept of deficit financing. What are its advantages and disadvantages in the context of the Indian economy?
Q3: Differentiate between direct and indirect taxes. Provide examples of each type and discuss their impact on different sections of society.
Q4: Evaluate the role of the government budget in promoting economic stability and growth. Provide examples from the Indian economy to support your answer.
Q5: Analyze the challenges faced by the government in managing its budgetary resources. Discuss the measures that can be taken to overcome these challenges and ensure fiscal sustainability.
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1. What is a government budget? |
2. How does government spending affect the economy? |
3. What are the different sources of government revenue? |
4. How does the government budget impact citizens? |
5. What is the importance of a balanced government budget? |
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