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Government Budget

Test Your Knowledge on Government Budget

Welcome to the Government Budget Quiz! This quiz will test your understanding of key concepts related to government finances and budgeting practices.

Prepare yourself and see how much you know about:

Capital and revenue expenditures
Fiscal deficits
Types of taxes
Union Budget duration

10 Questions2 MinutesCreated by BudgetMaster487

Name:

Capital expenditure include

Recovery of loan

Borrowings

Repayment of loan

Disinvestment

If revenue deficit is 50000 and borrowings are 75000 then fiscal deficit is

25000

75000

50000

125000

Revenue receipt include

Borrowings

Escheat

Disinvestment

Salaries

Which is not a direct tax?

Corporate tax

Income tax

Property tax

Toll Tax

Identify the tax whose burden can be shifted?

Income tax

GST

Corporate tax

Death duty

What is the duration of Union Budget

Annual

Quarter

Two years

Five years

Surplus budget is preferred during deflation

True

False

Indirect taxes are progressive in nature

True

False

Indirect taxes are easy to realise

True

False

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