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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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