Government Budget and Public Policy
Civics ⇒ Democracy and Government
Government Budget and Public Policy starts at 11 and continues till grade 12.
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Describe the importance of transparency in the government budget process.
Describe the process of budget approval in the Indian Parliament.
Describe the role of the Finance Minister in the budget process in India.
Explain the concept of 'deficit financing'.
Explain the concept of 'zero-based budgeting'.
Explain the difference between direct and indirect taxes with examples.
Explain the difference between revenue deficit and fiscal deficit.
A government’s total expenditure is Rs. 10,00,000 and its total receipts (excluding borrowings) are Rs. 8,00,000. What is the fiscal deficit?
Which article of the Indian Constitution deals with the annual financial statement (budget)? (1) Article 110 (2) Article 112 (3) Article 120 (4) Article 266
Which of the following is a capital expenditure? (1) Salaries (2) Construction of highways (3) Subsidies (4) Pensions
Which of the following is a constitutional requirement regarding the budget in India? (1) It must be presented in the Rajya Sabha (2) It must be presented before the financial year starts (3) It must be approved by the President before presentation (4) It must be presented every two years
Which of the following is a merit of public policy? (1) Promotes social welfare (2) Increases corruption (3) Reduces transparency (4) Limits accountability
Fill in the blank: ________ policy refers to the use of government spending and taxation to influence the economy.
Fill in the blank: The ________ budget deals with the government’s revenue and expenditure on day-to-day items.
Fill in the blank: The ________ deficit is the difference between total expenditure and total receipts excluding borrowings.
Fill in the blank: The ________ is responsible for auditing the accounts of the government of India.
State whether the following statement is true or false: 'Fiscal deficit is the difference between total expenditure and total receipts excluding borrowings.'
State whether the following statement is true or false: 'Public debt is a part of capital receipts.'
State whether the following statement is true or false: 'Public expenditure on health and education is a part of the capital budget.'
State whether the following statement is true or false: 'The government budget can influence the distribution of income in the country.'
