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Economics
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Question-1
The central government raises its revenue through ___________.
(A)
Revenue receipts
(B)
Capital receipts
(C)
a and b
(D)
None of these
Question-2
Higher level of fiscal deficit shows ____________.
(A)
Large scale borrowing
(B)
higher amount of interest payments
(C)
poor economic balance sheet
(D)
All of these
Question-3
The concept of primary deficit was introduced in India in _________.
(A)
1993 - 94
(B)
1994 - 95
(C)
1995 - 96
(D)
1996 - 97
Question-4
Indian financial year is normally ranges from __________.
(A)
February 1 to March 31st
(B)
June 1st to December 31st
(C)
June 31s to December 1
(D)
None of these
Question-5
The description of the government policies in terms of fiscal policies and public expenditure policies are covered in ____________.
(A)
Surplus budget
(B)
deficit budget
(C)
balance budget
(D)
Budget
Question-6
The difference between revenue receipts and revenue expenditure is known as ________.
(A)
Revenue deficit
(B)
Fiscal deficit
(C)
Capital deficit
(D)
none of these
Question-7
Fiscal deficit - interest payments is ____________.
(A)
Capital deficit
(B)
revenue deficit
(C)
primary deficit
(D)
None of these
Question-8
The Indian budget is first presented in _____________.
(A)
Lok Sabha
(B)
Rajaya Sabha
(C)
Panchayath
(D)
None of these
Question-9
Budget is an instrument for promoting __________.
(A)
Economic development
(B)
reducing inequlities
(C)
Efficient allocation of resources
(D)
All of these
Question-10
Imagine that the revenue receipts of US government is 600 million dollars and revenue expenditure 700 million dollars. In this case, the revenue deficit would be _________.
(A)
500
(B)
100
(C)
200
(D)
300
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Plus 2 Humanities
ICSE/ISC
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