Share Facebook Email Telegram WhatsApp Results #1. This ' Annual Financial Statement' constitutes the main _________ document of the government. Expenditure Expenditure Report Report Economy Economy Budget Budget #2. The receipts and expenditure that relate to the current financial year only are included in the revenue account called ________. Capital Budget Capital Budget Revenue Budget Revenue Budget Static Budget Static Budget Variance Budget Variance Budget #3. The receipts and expenditure that concern the assets and liabilities of the government into the capital account is called _______. Capital budget Capital budget Revenue budget Revenue budget Static budget Static budget Variance budget Variance budget #4. Which of the following statements is true about the primary deficit in a government’s budget? The primary deficit is zero when the revenue deficit is zero The primary deficit is zero when the revenue deficit is zero The primary deficit is zero when the net interest payments are zero The primary deficit is zero when the net interest payments are zero The primary deficit is zero when the fiscal deficit is zero The primary deficit is zero when the fiscal deficit is zero The primary deficit is zero when the fiscal deficit is equal to the interest payment The primary deficit is zero when the fiscal deficit is equal to the interest payment #5. What is the duration of a financial year? October 1st to September 30th October 1st to September 30th April 1st to March 30th April 1st to March 30th January 1st to December 30th January 1st to December 30th None of the above None of the above #6. Which of the following statements about the capital budget is accurate? The capital budget consists of direct and indirect tax The capital budget consists of direct and indirect tax The capital budget consists of capital expenditure and capital receipts The capital budget consists of capital expenditure and capital receipts The capital budget consists of revenue expenditure and revenue receipts The capital budget consists of revenue expenditure and revenue receipts The capital budget consists of direct taxes The capital budget consists of direct taxes #7. Which of the following statements describes the function of a budget? It is a description of the income and expenditure of a government It is a description of the income and expenditure of a government It is a document containing details of the economic policy of a government It is a document containing details of the economic policy of a government It is a description of the programs of the government It is a description of the programs of the government All of the above All of the above #8. Which of the following statements is true about an unbalanced budget? In an unbalanced budget, the expenditure is relatively higher than income In an unbalanced budget, the expenditure is relatively higher than income In an unbalanced budget, the income is greater than the expenditure In an unbalanced budget, the income is greater than the expenditure In an unbalanced budget, the deficit gets covered either by loans or by printing notes In an unbalanced budget, the deficit gets covered either by loans or by printing notes Only a and c are correct Only a and c are correct #9. What is the name of the process under which the government starts to sell its securities to the private sector? Disinvestment Disinvestment Monetary expansion Monetary expansion Open market operations Open market operations All of the above All of the above #10. Which of the following items is an example of capital expenditure undertaken by the government? Subsidies and defence services expenditure Subsidies and defence services expenditure Construction of roads and repayment of loans Construction of roads and repayment of loans Both a and b are correct Both a and b are correct Both a and b are incorrect Both a and b are incorrect Finish
