SBI PO Government Budget — practice questions
24 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice SBI PO Government Budget in the app →Revenue deficit is defined as the excess ofPrimary deficit is obtained by subtracting which item from the fiscal deficit?Revenue receipts are described as non-redeemable because theyWhich of the following is a direct tax?The Goods and Services Tax was implemented in India with effect fromNational defence, roads and government administration are examples ofThe sale of government shares in Public Sector Undertakings is calledA government receipt is classified as a capital receipt when itGross fiscal deficit equals total expenditure minusWhich pair counts as non-debt creating capital receipts?The fiscal deficit is significant chiefly because it indicates the government'sFrom the financing side, gross fiscal deficit is the sum of borrowing at home, borrowing from abroad and borroWealth tax, gift tax and estate duty were called 'paper taxes' because theyProgressive income taxation serves which objective of the government budget?Which of these is a non-tax revenue receipt of the central government?In 2024-25 the fiscal deficit was 5.6 per cent of GDP and interest payments were 3.6 per cent. The primary defWith revenue receipts at 9.2 per cent of GDP and revenue expenditure at 11.8 per cent, the revenue deficit isFiscal deficit can be written as revenue deficit plus capital expenditure minusA revenue deficit implies that the government isA large revenue deficit as a share of fiscal deficit signals that borrowing is financing mainlyFrom which budget did India stop showing the 'budget deficit' as a separate measure?Firms in India are taxed on which basis?Under the excise structure described, which category bears the heaviest tax?Net borrowing at home reaches commercial banks indirectly through which requirement?