WebNov 1, 2024 · MCQ Questions Answers for Chapter 11 Government Budget and Economy Class 12 Economics. Question: Fiscal deficit=. (a) Total expenditure – total receipt other than borrowing. (b) Revenue expenditure- revenue receipts. (c) Capital expenditure – capital receipts. (d) Revenue expenditure + Capital expenditure – revenue receipts. WebAnswer : Budget is a statement of expected annual receipts and expenditure is correct? Question : Which of the following are the objectives of government budget ? a) Redistribution of income and wealth b) Economy stability c) Both (a) and (b) d) None of these Answer : Both (a) and (b) Question : Which of the following is a non- tax receipt ?
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