CUET Economics: MacroGovernment Budget. Free, no login required.

FRBMA stands for:

Expenditures of the government which result in creation of physical or financial assets or reduction in financial liabilities is known as:

Goods or services that are collectively consumed; it is not possible to exclude anyone from enjoying their benefits and one person's consumption does not affect consumption of others. What type of good they are?

When the government imposes taxes on income, then which function do they actually exercise?

Identify the capital expenditure of the government from the following:

Gross primary deficit = A – Net interest liabilities. Here A is-

The government expenditure multiplier is calculated by which of the following:

Which of the following is related to public provision?

Using the given information, calculate the Revenue Deficit:

Identify Capital Receipt from the following:

Which of the following will be part of Revenue Expenditure?

A. Subsidies on exports.

B. Interest payments on debt incurred by the government.

C. Loans and advances by the central government to state government.

D. Salaries paid to the government employees.

Choose the correct answer from the options given below:

Match the LIST-I with LIST-II

Choose the correct answer from the options given below:

Goods that possess characteristics of excludability and rivalry are known as___.

Arrange the following statements in correct sequence with respect to government budget's objective.

A. When demand exceeds for available output under the condition of full employment.

B. May give rise to inflation in the economy.

C. The intervention of the government to stabilize the economy.

D. The overall level of employment and prices depend upon the level of aggregate demand.

Choose the correct answer from the options given below:

Which are the part of plan revenue expenditure ?

A. Expenditure on five-year plans

B. Central assistance for union territories

C. Expenditure on Defence services

D. Expenditure on subsidies and interest payment

Choose the correct answer from the options given below:

Arrange the following steps in proper sequence with respect to the change in taxes:

A. Decrease in taxes.

B. Shift the aggregate expenditure curve upwards.

C. Increase in disposable income.

D. Negative tax multiplier effect.

Choose the correct answer from the options given below:

The sales of bread have increased from 10 units to 15 units. Suppose the government imposed a unit tax of Rs. 5 on current production, then the total tax that the firm must pay to the government is?

There is a constitutional requirement in India to present before the Parliament a statement of estimated receipts and expenditures of the government in respect of every financial year which runs from............

Which one is not the component of capital receipts?

Arrange the following events in chronological order as per the time period.

(A) Gender Budgeting.

(B) Fiscal Responsibility and Budget Management Act.

(C) 101th Constitution Amendment Act.

(D) Goods and Service Tax.

Choose the correct answer from the options given below:

The government imposes taxes that do not depend on income, called?

Identify the incorrect statement from the following about the revenue budget of the government.

The Prime Minister of India, interacting with Pradhan Mantri Garib Kalyan Anna Yojana (PMGKY) beneficiaries, says that free ration has helped lakhs of poor during COVID pandemic. This is categorized as __________

In the Annual Budget 2025, the Government of India set up disinvestment targets of ₹80000 crore. Such proceeds from disinvestment can be classified as ________ receipts in the government budget as it leads to ________ of the government.

Match List-I with List-II

Choose the correct answer from the options given below:

"Government of India has recently implemented various measures (like cash transfers to senior citizens and widows)". The government is trying to achieve the objective of _______ using such measures.

Which of the following statements are incorrect?

(A) Loans from IMF is a Revenue Receipt.

(B) Capital Receipts are shown on the liabilities of the balance sheet.

(C) Interest payment by the government represents a representation of fiscal deficit.

(D) Revenue Deficit is the excess of capital receipts over the revenue receipts.

Choose the correct answer from the options given below:

Which of the following are the functions of Government Budget?

(A) Restriction.

(B) Allocation.

(C) Redistribution.

(D) Stabilisation.

Choose the correct answer from the options given below:

Identify which of the following statements are correct?

(A) Fiscal deficit is the difference between total revenue and total expenditure excluding borrowing of the government.

(B) Fiscal deficit is the difference between total planned expenditure and total planned receipts of the government.

(C) Primary deficit is the difference between total planned receipt and interest payments.

(D) Fiscal deficit is the sum of primary deficit and interest payment.

Choose the correct answer from the options given below:

Primary Deficit can be zero if?