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- 1. Multiple Choice
The government liability will increase by
Issuance of treasury bill
recovery of loan
taxes received from the public
interest received
- 2. Multiple Choice
Government budget shows estimated expenditure of the government in terms of:
Consumption expenditure
investment expenditure
transfer payments
all of these
- 3. Multiple Choice
The focus off government budget is to:
maximise fiscal deficit
minimise fiscal deficit
to maximise expenditure
to minimise revenue
- 4. Multiple Choice
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
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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