CBSE Class 12 Government Budget and the Economy Multiple Choice Questions with Answers. MCQ Questions Class 12 Government Budget and the Economy with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 12 Government Budget and the Economy with Answers to know their preparation level.
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MCQ Questions Class 12 Government Budget and the Economy with Answers - Set - 3
Question 1:
Which of the following is included in fiscal policy?
(a) Public Expenditure
(b) Tax
(c) Public Debt
(d) All of these
Correct Answer – (D)
Question 2:
Which of the following budget is suitable for developing economies?
(a) Deficit Budget
(b) Balanced Budget
(c) Surplus Budget
(d) None of these
Correct Answer – (A)
Question 3:
Which of the following is an indirect tax?
(a) Excise Duty
(b) Sales Tax
(c) Custom Duty
(d) All of these
Correct Answer – (D)
Question 4:
In India, one rupee note is issued by:
(a) Reserve Bank of India
(b) Finance Ministry of Government of India
(c) State Bank of India
(d) None of these
Correct Answer – (B)
Question 5:
The expenditures which do not create assets for the government is called :
(a) Revenue Expenditure
(b) Capital Expenditure
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (A)
MCQ Questions Class 12 Government Budget and the Economy With Answers
Question 6:
What is the duration of a Budget?
(a) Annual
(b) Two Years
(c) Five Years
(d) Ten Years
Correct Answer – (A)
Question 7:
Which type of expenditure is made in bridge construction?
(a) Capital Expenditure
(b) Revenue Expenditure
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (A)
Question 8:
Capital budget consist of:
(a) Revenue Receipts and Revenue Expenditure
(b) Capital Receipts and Capital Expenditure
(c) Direct and Indirect Tax
(d) None of these
Correct Answer – (B)
Question 9:
Direct tax is :
(a) Income Tax
(b) Gift Tax
(c) Both (a) and (b)
(d) None of these
Correct Answer – (C)
Question 10:
Which is included in Indirect Tax?
(a) Excise Duty
(b) Sales Tax
(c) Both (a) and (b)
(d) Wealth Tax
