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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


 

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