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Government Budget and the Economy
- Online Test
Government Budget and the Economy
TEST : 2
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q1.
One of the other two components of government Revenue in the budget are
A.
Revenue Expenditure
B.
Expenditure receipts
C.
Budget receipts
D.
Capital receipts
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q2.
One of the two components of government expenditure in the budget are
A.
Revenue Expenditure
B.
Budget receipts
C.
Expenditure receipts
D.
Revenue receipts
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q3.
One of the other two components of government expenditure in the budget are
A.
Capital Expenditure
B.
Revenue Expenditure
C.
Expenditure receipts
D.
Budget receipts
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q4.
The major source of Revenue receipts for the government is
A.
Interest
B.
Non Tax Revenue
C.
Profits
D.
Tax Revenue
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q5.
Direct tax is a tax whose
A.
The liability to pay lies on one and incidence lies on the other person
B.
The liability to pay and incidence do not lie on the same person
C.
The liability to pay and incidence do lie on the government
D.
The liability to pay and incidence do lie on the same person
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q6.
Direct tax is a tax which is imposed on
A.
Individuals only
B.
Individuals and corporations
C.
Corporations only
D.
None of these
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q7.
An example of a direct tax is
A.
Entertainment tax
B.
VAT
C.
Sales tax
D.
Income Tax
View Solution
Add Work Space
Answer :
Option D
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q8.
The major source of Revenue receipts for the government is not
A.
Profits
B.
Income tax
C.
Wealth tax
D.
Tax Revenue
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q9.
Indirect tax is a tax whose
A.
The liability to pay and incidence do lie on the same person
B.
The liability to pay lies on one and incidence lies on the other person
C.
The liability to pay and incidence do lie on the government
D.
The liability to pay and incidence do not lie on the same person
View Solution
Add Work Space
Answer :
Option A
Explaination / Solution:
No Explaination.
# Government Budget and the Economy
# CBSE 12TH Economics
Prepare / Learn
Q10.
The policies useful to reduce inequalities of income are the
A.
Foreign policies
B.
Budgetary policies
C.
Public distribution policies
D.
Monetary policies
View Solution
Add Work Space
Answer :
Option B
Explaination / Solution:
No Explaination.
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