Government Budget and The Economy MCQ Questions Class 12 Economics Part 2 Chapter 5
NCERT MCQ Questions for Class 12 Economics Part 2 Chapter 5 Government Budget and The Economy. Government Budget and The Economy MCQ Questions with Answers from Class 12 Economics Part 2.
1.) Which of the following is not a objective of government budget.
(a) Allocation Function of Government Budget
(b) Redistribution Function of Government Budget
(c) Stabilisation Function of Government Budget
(d) Revenue expenditure
ANS-Option ( d)
2.) which of the following expenditure incurred for purposes other than the creation of physical or financial assets of the central government
(a) Revenue expenditure
(b) Capital expenditure
(c) capital receipt
(d) Revenue receipt
Ans-option (a)
3.) Budget documents classify total expenditure into .
(a)plan expenditure
(b)non plan expenditure
(c) revenue expenditure
(d)both (a)and (b)
Ans- option (d)
- In case you have missed:- Previous Chapter MCQ Questions
4.) The government may spend an amount equal to the revenue it collects. This isknown as
(a) balance budget
(b) surplus
(c) deficit
(d)none of the above
Ans – Option (a)
5.) An economy in which there is both the private sector and the Government is known as a
(a) mixed economy
(b) Capital economy
(c)Free market economy
(d) Traditional economy
And – Option (a)
6.) When tax collection exceeds the required expenditure, the budget is said to be in
(a) Deficit
(b) Balance
(c) Surplus
(d)None of the above
Ans – Option (c)
7.) The revenue deficit refers to the excess of government’ sre venue expenditure over
(a) Revenue expenditure
(b) Capital expenditure
(c) capital receipt
(d) Revenue receipt
Ans -Option (d)
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