Government Budget and Its Components
Economics ⇒ Government and the Economy
Government Budget and Its Components starts at 11 and continues till grade 12.
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See sample questions for grade 11
Explain the concept of 'deficit budget'.
Explain the difference between revenue expenditure and capital expenditure.
Explain the role of government budget in reducing income inequalities.
Explain the term 'balanced budget'.
Identify whether the following is a revenue or capital expenditure: 'Construction of a new highway.'
If the government receives Rs. 200 crore from taxes, Rs. 50 crore from non-tax revenue, and spends Rs. 300 crore on revenue expenditure, what is the revenue deficit?
If the government spends Rs. 100 crore on salaries and receives Rs. 80 crore as tax revenue, what is the revenue deficit?
If the total expenditure of the government is Rs. 500 crore and total receipts (excluding borrowings) are Rs. 400 crore, what is the fiscal deficit?
Which of the following is a capital expenditure? (1) Payment of salaries (2) Repayment of loans (3) Interest payments (4) Pension payments
Which of the following is a direct tax? (1) Excise duty (2) Customs duty (3) Income tax (4) Service tax
Which of the following is a feature of a capital budget? (1) Deals with recurring items (2) Deals with non-recurring items (3) Includes only tax revenue (4) Includes only non-tax revenue
Which of the following is a non-tax revenue for the government? (1) Income tax (2) Customs duty (3) Dividends from public sector undertakings (4) Excise duty
Fill in the blank: The ______ budget deals with the government’s receipts and payments of a non-recurring nature.
Fill in the blank: The ______ deficit is calculated as fiscal deficit minus interest payments.
Fill in the blank: The budget is prepared by the ______ and approved by the ______.
Fill in the blank: The budget is presented in the Parliament by the ______.
State whether the following statement is true or false: 'Borrowings are a part of capital receipts.'
State whether the following statement is true or false: 'Capital receipts increase the assets of the government.'
State whether the following statement is true or false: 'Grants given to state governments are capital expenditure.'
State whether the following statement is true or false: 'Revenue deficit occurs when revenue expenditure exceeds revenue receipts.'
