Economics Government Budget and the Economy MCQ Question Answers

1. Full form of SLR

2. Non-plan capital expenditure covers which of the following Service?

3. __________consist of interest payments minus interest receipts by the government on net domestic lending

4. The amount collected by the government as taxes and duties is known as _______

5. _________= Net borrowing at home + Borrowing from RBI + Borrowing from abroad

6. Examples of such goods are national defence, roads, government administration etc. which are referred to as

7. Government deficit can be reduced by an increase in ______or reduction in _________.

8. Borrowing in the government budget is referred as:

9. Which expenditure is committed and can’t be reduced?

10. Which is a component of Budget?

11. The intervention of the government whether to expand demand or reduce it constitutes the

12. Budgetary deficits must be financed by

13. What is the annual statement of the government’s fiscal revenue and fiscal expenditure known as?

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

15. What refers to the excess of government’s revenue expenditure over revenue receipts?

16. When government spends more than it collects by way of revenue, it incurs __

17. How many types of revenue receipts are there?

18. Which of the following is a correct measure of primary deficit?

19. Capital budget consists of:

20. Which of the following is the capital expenditure?