MCQ Economics Class 12 Chapter 5 Government Budget & Economy

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Macroeconomics

MCQ’s For All Chapters – Macroeconomics Class 12th

1. An economy in which both the private sector and the government exist is known as:

Question 1 of 20

2. Which Article of the Indian Constitution requires the government to present the Annual Financial Statement before Parliament?

Question 2 of 20

3. The financial year in India runs from:

Question 3 of 20

4. Which account includes transactions relating to the current financial year?

Question 4 of 20

5. Which of the following is an example of a public good?

Question 5 of 20

6. Public goods are described as non-rivalrous because:

Question 6 of 20

7. Public goods are called non-excludable because:

Question 7 of 20

8. Non-paying users of public goods are known as:

Question 8 of 20

9. Public provision means that public goods are:

Question 9 of 20

10. Which function of the government budget aims to change the distribution of income?

Question 10 of 20

11. The government intervenes to correct fluctuations in income and employment through the:

Question 11 of 20

12. Revenue receipts are those receipts that:

Question 12 of 20

13. Revenue receipts are divided into:

Question 13 of 20

14. Which of the following is a direct tax mentioned in the chapter?

Question 14 of 20

15. Customs duties are taxes imposed on:

Question 15 of 20

16. Under progressive income taxation:

Question 16 of 20

17. Which of the following is a component of non-tax revenue of the central government?

Question 17 of 20

18. Capital receipts are those receipts that:

Question 18 of 20

19. Which of the following is an example of a non-debt creating capital receipt?

Question 19 of 20

20. Revenue expenditure is expenditure incurred for purposes other than:

Question 20 of 20


 

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