MCQ Economics Class 12 Chapter 5 Government Budget & Economy Advertisement MacroeconomicsMCQ’s For All Chapters – Macroeconomics Class 12th 1. The amount collected by the government as taxes and duties is known as_____Capital receiptsTax revenue receiptsNon-tax revenue receiptsAll of theseQuestion 1 of 202. Which is included in indirect tax?Income taxWealth taxExcise DutyGift taxQuestion 2 of 203. The amount collected by the government in the form of interest, fees, and dividends is known as……Tax-revenue receiptsCapital receiptsNon-tax revenue receiptsNone of theseQuestion 3 of 204. Direct tax is called direct because it is collected directly from:The producers on goods producedThe sellers on goods soldThe buyers of goodsThe income earnersQuestion 4 of 205. Which objectives government attempts to obtain by BudgetTo Promote Economic DevelopmentBalanced Regional DevelopmentRedistribution of Income and WealthAll the aboveQuestion 5 of 206. Which of the following is an example of direct tax?VATExcise dutyEntertainment taxWealth taxQuestion 6 of 207. Which is a component of the Budget Receipt?Revenue ReceiptCapital ReceiptBoth (a) and (b)None of the aboveQuestion 7 of 208. Which of the following is the component of a budget?Fiscal budgetCapital budgetBoth of theseNone of theseQuestion 8 of 209. Tax revenue of the Government includes :Income TaxCorporate TaxExcise DutyAll of theseQuestion 9 of 2010. Budget speech in Lok Sabha is given by:PresidentPrime MinisterFinance MinisterHome MinisterQuestion 10 of 2011. The expenditures which do not create assets for the government is called :Revenue ExpenditureCapital ExpenditureBoth (a) and (b)None of the aboveQuestion 11 of 2012. What is the period of a fiscal year?1 April to 31 March1 January to 31 December1 March to 28 FebruaryNone of theseQuestion 12 of 2013. Direct tax is :Income TaxGift TaxBoth (a) and (b)None of theseQuestion 13 of 2014. Which of the following is not a revenue receipt?Recovery of LoansForeign GrantsProfits of Public EnterpriseWealth TaxQuestion 14 of 2015. From the following which is included in the direct tax:Income TaxGift TaxBoth (a) and (b)Excise TaxQuestion 15 of 2016. In India, one rupee note is issued by:Reserve Bank of IndiaFinance Ministry of Government of IndiaState Bank of IndiaNone of theseQuestion 16 of 2017. The non-tax revenue in the following is:Export dutyImport dutyDividendsExciseQuestion 17 of 2018. Capital budget consist of:Revenue Receipts and Revenue ExpenditureCapital Receipts and Capital ExpenditureDirect and Indirect TaxNone of theseQuestion 18 of 2019. Financial Year in India is:April I to March 31January 1 to December 31October 1 to September 30None of the aboveQuestion 19 of 2020. Which of the following is an indirect tax?Excise DutySales TaxCustom DutyAll of theseQuestion 20 of 20 Loading...
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