Ch 3: Indian Union Budget — Chapter Test
CSEET
📚 Economic and Business Environment
📖 Ch.3 — INDIAN UNION BUDGET
⭐ V1: Previous Year Question (PYQ)
⚡ Free Mode (Answers Locked)
⏱ Duration: 25 Mins
🎯 Total Marks: 20
Passed at: 10 Marks
Max Attempts: 10
Standard ICSI CSEET objective examination for Indian Union Budget. 20 MCQs with instant scoring and detailed explanations.
📑 Exam Questions
20 Questions • Total 20 MarksQuestion 1:
1 Marks
The Union Budget of India is broadly divided into which two main components?
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Question 2:
1 Marks
Which of the following is a direct tax revenue for the Government of India?
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Question 3:
1 Marks
Dividends and profits received from Public Sector Undertakings (PSUs) by the government are categorized under which head?
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Question 4:
1 Marks
Expenditure incurred by the government on salaries, pensions, and interest payments on past borrowings is classified as:
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Question 5:
1 Marks
Borrowings made by the government from the public, Reserve Bank of India, or foreign governments are considered as:
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Question 6:
1 Marks
Expenditure on the construction of new roads, bridges, hospitals, and schools by the government is an example of:
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Question 7:
1 Marks
Fiscal Deficit represents the difference between the government's total expenditure and its total receipts, excluding:
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Question 8:
1 Marks
How is Revenue Deficit calculated?
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Question 9:
1 Marks
If the Fiscal Deficit is ₹15 lakh crore and interest payments on past borrowings are ₹5 lakh crore, what is the Primary Deficit?
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Question 10:
1 Marks
Which of the following is a key objective of the government's fiscal policy?
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Question 11:
1 Marks
Subsidies provided by the government to various sectors are generally classified under which type of expenditure?
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Question 12:
1 Marks
Proceeds from the sale of government equity in Public Sector Undertakings (PSUs) are known as:
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Question 13:
1 Marks
To curb inflationary pressures in the economy, the government might typically adopt which fiscal measure?
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Question 14:
1 Marks
The expenditure side of the Union Budget is broadly classified into:
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Question 15:
1 Marks
Which of the following is an example of an indirect tax collected by the central government?
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Question 16:
1 Marks
Loans and advances granted by the Central Government to State Governments and Union Territories are categorized as:
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Question 17:
1 Marks
A high fiscal deficit typically indicates that the government is:
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Question 18:
1 Marks
A persistent high revenue deficit implies that the government is:
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Question 19:
1 Marks
To stimulate economic growth during a recession, a government might implement which of the following fiscal policy measures?
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Question 20:
1 Marks
Defence expenditure, interest payments, and subsidies are major components of which type of government expenditure?
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