CUET 2024 Economics Government Budget and the Economy MCQ Question Answers

by | May 18, 2022 | General | 0 comments

 

Economics Government Budget and the Economy MCQ Question Answers for CUET 2024 

1. Government deficit can be reduced by an increase in ______or reduction in _________.
a.
b.
c.
d.

2. The amount collected by the government as taxes and duties is known as _______
a.
b.
c.
d.

3. What refers to the excess of government’s revenue expenditure over revenue receipts?
a.
b.
c.
d.

4. Which of the following is the capital expenditure?
a.
b.
c.
d.

5. Budgetary deficits must be financed by
a.
b.
c.
d.

6. Non-plan capital expenditure covers which of the following Service?
a.
b.
c.
d.

7. When government spends more than it collects by way of revenue, it incurs __
a.
b.
c.
d.

8. Examples of such goods are national defence, roads, government administration etc. which are referred to as
a.
b.
c.
d.

9. Full form of SLR
a.
b.
c.
d.

10. Which is a component of Budget?
a.
b.
c.
d.

11. Which of the following is a correct measure of primary deficit?
a.
b.
c.
d.

12. Which expenditure is committed and can’t be reduced?
a.
b.
c.
d.

13. Borrowing in the government budget is referred as:
a.
b.
c.
d.

14. An economy in which there is both the private sector and the Government is known as a
a.
b.
c.
d.

15. _________= Net borrowing at home + Borrowing from RBI + Borrowing from abroad
a.
b.
c.
d.

16. Capital budget consists of:
a.
b.
c.
d.

17. How many types of revenue receipts are there?
a.
b.
c.
d.

18. __________consist of interest payments minus interest receipts by the government on net domestic lending
a.
b.
c.
d.

19. The intervention of the government whether to expand demand or reduce it constitutes the
a.
b.
c.
d.

20. What is the annual statement of the government’s fiscal revenue and fiscal expenditure known as?
a.
b.
c.
d.


 

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