The budget presented wken elections are due is known as
Tentative Budget
Proposed Budget
Zero Budget
Lame Duck Budget
42 practice sets · Page 2 of 3
The budget presented wken elections are due is known as
Tentative Budget
Proposed Budget
Zero Budget
Lame Duck Budget
Productive debts are utilized for
Transfer payments in form of subsidies
They are raised for financing wars
They add to productive capacity of the economy
special incentives to weaker sections
Pick out the method which is not a part of redemption
Sinking Fund
Surplus Budget
Terminal Annuities
Refunding
Pick out the item which is not a part of the plan expenditure
Agriculture
Industry
Social Services
Defence
Pick out the item which is not a part of tax revenue
Interest
Corporate Tax
Excise
Customs
Pick out the item which is not a part of non-tax revenue
Interest Receipts
Dividends
Customs
Profits
Pick out the item which is not a part of non-plan expenditure on the revenue side
Defence
Central Assistance to states
Subsidies
None of the above
Pick out the item which is not a part of capital budget
Market Borrowings
Sale of Treasury Bulls
Revenue from Industry
Net Small Savings
Pick out the feature which is not true of a capital levy
For paying off unproductive debt
It is paid by those who earn huge profits
It does not follow the principle of equity
It helps to fight inflation
Pick out the feature which is not true in the case of repudiation of debt
Simplest method of liquidating a debt
It will increase the credibility of the government
Debtors may face loss
It is discriminating
Pick out the feature which is not applicable to a good budget
Comprehensiveness
Clarity
Objectivity
Lengthy
Pick out the factor which is not a part of revenue budget
Current consumption expenditure on commodities
Current consumption expenditure on services
Transfer payments
Expenditure on machinery
Loans taken by the government for purpose of war, earthquakes for covering budget deficit are
Productive Debts
Unproductive
Voluntary Debts
None of the above
Interest payments are a part of
Development Expenditure
Non-Development Expenditure
Capital Expenditure
All of the above
Fiscal federalism deals with
The division of governmental functions
Financial relations among levels of government
Proper allocation of Resources
All of the above
External loans are raised from
IDBI
ICICI
RBI
WTO
External debts can be raised from
Individuals
RBI
Commercial Banks
World Bank
Debts which have to be paid at some specific future date are known as
Redeemable Debts
Irredeemable Debts
Treasury
None of the above
Debts that are repaid at some specific future date are known as
Redeemable debts
Irredeemable debts
Treasury Bill
None of the above
Bharat Nirman, MGNREGA are examples of
Plan Expenditure
Non-Plan Expenditure
Capital Expenditure
None of the above