BUDGET

REVISION

Humanities

3 plays

12 questions

[Deleted Account]

•over 6 years ago

Question 1

Multiple Choice

1 point

A direct tax is a tax which is imposed on

A. Corporations only

B. Individuals only

C.Individuals and corporations

D.None of these

Question 2

Multiple Choice

1 point

Budgetary policies are implemented by the,

A.Foreign sector

B.Finance ministry

C.Government

D.Private sector

Question 3

Multiple Choice

1 point

Disinvestment is a,

A. Capital expenditure

B.Revenue expenditure

C.Capital receipts

D. Revenue receipts

Question 4

Multiple Choice

1 point

_______ refers to public revenue, expenditure and allied matters.

A.Fiscal policy

B. Monetary policy

C. Economic policy

D.None of these.

Question 5

Multiple Choice

1 point

The government budget is an

A. Half yearly statement

B.Weekly statement

C.Five yearly statement

D.Annual statement

Question 6

Multiple Choice

1 point

The government budget shows the government’s

A.Actual receipts and expenditure

B.Estimated receipts only

C.Estimated expenditure only

D.Estimated receipts and expenditure

Question 7

Multiple Choice

1 point

One of the objectives of the government budget is

A. Regeneration of income and wealth

B.Reallocation of income and wealth

C.Redistribution of income only

D.Redistribution of income and wealth

Question 8

Multiple Choice

1 point

One of the two components of government budget are

A. Income budget

B.Investment budget

C. Revenue budget

D.Expenditure budget

Question 9

Multiple Choice

1 point

One of the two components of Revenue budget are

A. Investment receipts

B.Expenditure receipts

C.Income receipts

D. Revenue receipts

Question 10

Multiple Choice

1 point

One of the other two components of Revenue budget are

A. Income budget

B.Investment Expenditure

C.Revenue expenditure

D. Budget Expenditure

Question 11

Multiple Choice

1 point

Direct tax is a tax whose

A.The liability to pay and incidence do not lie on the same person

B.The liability to pay lies on one and incidence lies on the other person

C.The liability to pay and incidence do lie on the same person

D.The liability to pay and incidence do lie on the government

Question 12

Multiple Choice

1 point

The major source of Revenue receipts for the government is

A. Interest

B.Tax Revenue

C. Profits

D. Non Tax Revenue