Government Budget

Government Budget

Assessment

Assessment

Created by

Suruchi Jhunjhunwala

Other

12th Grade

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5 questions

Show answers

1.

Multiple Choice

1 min

1 pt

The government liability will increase by

Issuance of treasury bill

recovery of loan

taxes received from the public

interest received

2.

Multiple Choice

1 min

1 pt

Government budget shows estimated expenditure of the government in terms of:

Consumption expenditure

investment expenditure

transfer payments

all of these

3.

Multiple Choice

1 min

1 pt

The focus off government budget is to:

maximise fiscal deficit

minimise fiscal deficit

to maximise expenditure

to minimise revenue

4.

Multiple Choice

2 mins

1 pt

a fiscal deficit is good for the economy when:

borrowings are used to pay government employees their salaries and wages

interest payment on government loans necessitate the borrowings

borrowings contributes towards the repair of the reads

borrowings are primarily used for the construction of hospital.

5.

Multiple Choice

2 mins

1 pt

Fiscal deficit signifies that:

i) government needs to borrow for day to day expenditure.

ii) the current generation increases the financial liability for the future government.

iii) the government has adequate revenue receipt.

(i) and (ii) are correct

(ii) and (iii) are correct

(i) and (iii) are correct

(i), (ii) and (iii) are correct.

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