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Free MCQ’s Quiz on Class 12 Macro Economics Chapter 5 – Government Budget and the Economy – Set 1

Free MCQ’s Quiz for Class 12 Macro Economics Chapter 5 – Government Budget and the Economy with Answers is prepared based on the latest CBSE Exam Pattern for the Academic Session. Students can solve NCERT based Class 12th Economics – Macro Economics – ‘Government Budget and the Economy’ Multiple Choice Questions with Answers to know their preparation level on the Success Roar Classes website.

Here, we have provided Free MCQ’s Quiz on Class 12 Economics – Macro Economics Chapter 5 – Government Budget and the Economy. In Government Budget and the Economy, we will focus on the functions performed by the government budget. In this Chapter, we discuss the government budget in order to provide a balanced, surplus or deficit budget for the difference enters expenditure and revenue collection in the sources of government income and routes. It deals in particular with the meaning, consequences and ways to contain different types of budget deficits.

To make you perfect in this topic – Government Budget and the Economy, we are here with a set of MCQs Quiz that will help you in brushing up the understanding of the concepts.

Free MCQ’s on Government Budget and the Economy.

Free MCQ’s on Government Budget and the Economy

Results

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#1. Which of the following is a direct tax example?

#2. What is the fiscal year's period?

#3. ____ occurs when the government spends more than it receives in revenue.

#4. Which of the following is the component of a budget?

#5. The name "direct tax" comes from the fact that it is collected directly from:

#6. Who issues a note of 1 rupee in India?

#7. The term "_____" refers to situations in which revenue receipts fall short of revenue expenditures.

#8. A ____ is one in which total expenditure exceeds total revenues.

#9. What is the duration of a Budget?

#10. From the following which one is the non-tax revenue?

finish

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