MCQs BASED ON UNION BUDGET 2017-18
BUDGET TRENDS & INSIGHTS – UNION BUDGET 2017- 2018
Q1. Consider the following statements regarding Revenue receipts of Govt of India?
- Revenue Receipts of government exceed the Capital Receipt.
- Tax Revenue of the government exceeds Non-Tax Revenue.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q2. Consider the following statements regarding revenue expenditure of Govt of India?
- Expenditure on other than schemes exceeds scheme expenditure.
- Revenue Expenditure of the government exceeds Capital Expenditure.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q3. Consider the following statements regarding revenue deficit?
- Revenue Deficit as a % of GDP is rising.
- Effective Revenue Deficit as a % of GDP is declining.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q4. Consider the following statements regarding Fiscal deficit?
- Fiscal Deficit as % of GDP is also declining.
- Target for 2017-18 is 3.2%.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q5. Consider the following statements regarding Primary Deficit?
- Primary Deficit as % of GDP is declining.
- Target for 2017-18 is 0.1%
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q6. Consider the following statements regarding Capital Receipts of Govt of India?
- “Borrowings and other Liabilities” form significant chunk of Capital Receipts.
- Capital Receipts are greater than Revenue receipts.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q7. Consider the following regarding taxes of govt of India?
- In term of taxes, Direct taxes are more than indirect taxes.
- In terms of Direct taxes, Corporation tax is biggest contributor.
- In terms of Indirect taxes, Union Excise Duties are biggest contributor followed by Service Tax & Customs.
Which of following statements are correct?
a. only 1
b. only 2 & 3
c. All
d. None of the above
Q8. Consider the following statements regarding Money outflow of govt. as per Union Budget 2017- 2018?
- Biggest component of outflow is “States’ share of taxes & duties”.
- Next, biggest component is Interest Payments.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
Q9. Arrange the following subsidies in decreasing order of financial burden as per Union Budget 2017-18
- Food.
- Petroleum.
- Fertilizer.
Which of following statements are correct?
a. 1,3,2
b. 2,3,1
c. 3,1,2
d. 1,2,3
Q10. Consider the following regarding sources of Money as per Union Budget 2017-2018 ?
- Top sources of money are “Borrowings & other Liabilities” and “Corporation Tax”.
- Non tax revenue is more than tax revenue.
Which of following statements are correct?
a. only 1
b. only 2
c. Both 1 & 2
d. None of the above
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the answer to 9 should be d..isn’t ?
it’s food-fertilizer-petroleum
Regards
Right Shalu. Thanks for pointing out. We have made the correction.