CBSE Questions for Class 12 Commerce Economics Government Budget And The Economy Quiz 4 - MCQExams.com

Which of the following is/ are not revenue receipt?
  • Contributions into the business by the proprietor.
  • Loans taken from banks.
  • Amount received on issue of share capital.
  • All of the above.
Which of the following is/ are not capital receipt?
  • Receipts from sales.
  • Fees received for services.
  • Interest on investment.
  • All of the above.
_________ and ________ have no bearing on the profit or loss for the accounting period.
  • Capital receipts, Capital expenditure
  • Capital expenditure, Revenue receipts
  • Capital receipts, Regular receipts
  • None of the above
Amount realized by the sale of fixed assets or by issue of shares or debentures is a _________ while amount realized by sale of goods or rendering services is always _________.
  • Revenue receipts, Capital receipt
  • Capital receipt, Revenue receipts
  • Capital receipt, Capital receipt
  • Revenue receipts, Revenue receipts
Which of the following is not included in Balance of Unrequited Transfers?
  • Grants and Reparation
  • Interests, Profits, Dividends and Royalties received and paid from and to Foreigners
  • Gifts
  • Donations
Fiscal Policy is concerned with:
  • Public Revenue, Public Expenditure and Public Debt
  • Controlling the BOP situation
  • Controlling the Banks
  • None of the above
Government Borrowing refers to ______________.
  • borrowing from the market by way of $$91$$ days Treasury Bills
  • raising funds from public through National Savings Schemes, Post Office Saving Deposits, Provident Fund Collections, etc
  • both (a) and (b)
  • neither (a) and (b)
Fiscal policy means:
  • Policy related to money matter
  • Policy related to income and expenditure of the government
  • Policy related to disbursement for funds to state government
  • Policy related to foreign trade matter
Public investment is also known as ______.
  • government investment
  • investment by private individuals
  • investment by public sector enterprise
  • none of the above
Cash received from Debtors is __________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
Amount realized from the sale of a capital asset or investment is _____________ however amount realized from the sale of inventories in trade is ____________.
  • Revenue receipts, Capital receipt
  • Capital receipt, Revenue receipts
  • Capital receipt, Capital receipt
  • Revenue receipts, Revenue receipts
Which of the following statement deals with debts and claims of a country?
  • Balance of capital A/C
  • Balance of trade A/c
  • Balance of current A/C
  • Balance of services.
_____are not available for distribution as profits while______can be utilized for creating reserve fund or for distribution as profits after deducting revenue exp.
  • Revenue receipts, Capital receipt
  • Capital receipt, Revenue receipts
  • Capital receipt, Capital receipt
  • Revenue receipts, Revenue receipts
Warehousing method of disinvestment refers to __________.
  • government selling part of its shares in one PSU to other PSUs.
  • government selling shares of PSUs to public sector financial institutions and banks.
  • government's own financial institutions buying government's stake in select PSU's and holding them until any third buyer emerges.
  • none of the above.
Which of these is major component of external debt?
  • Short term debt
  • Long term debt
  • Commercial borrowings
  • NRI deposits
In 1998 As per RBI's New Clasacation, NM1 refers to -
  • Currency Notes + Demand Deposits of the Public with Commercial Banks
  • Currency Notes + Demand Deposits with Commercial Banks + Other Deposits with RBI.
  • Currency Notes + Demand Deposits & Time Deposits with Commercial Banks
  • Currency Notes + Demand Deposits & Time Deposits with Commercial Banks + All Post Office Deposits
Total Expenditure - [Revenues Receipts + Recovering + Sale of Public Assets]=
  • Budgetary Deficit
  • Fiscal Deficit
  • Revenue Deficit
  • Primary Deficit
Excess of total expenditure over total receipts is known as __________.
  • budgetary deficit
  • revenue deficit
  • fiscal deficit
  • none of the above.
Determine the budget deficit.
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  • Zero
  • 3,39,200
  • 3,51,200
  • 2,00,056
The budget in which its tax revenue and expenditure are equal is called ____________.
  • surplus budget
  • balanced budget
  • unbalanced budget
  • none of the above
If borrowings and other liabilities are added to the budget deficit it is termed as __________.
  • fiscal deficit
  • primary deficit
  • capital deficit
  • revenue deficit
Interest received on Investment is____________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
Loan raised is _____________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
What is the budgetary deficit?
  • It is the difference between all receipts and expenditure.
  • It is the difference between all expenditure and receipts.
  • The difference between government loans and credits recovered.
  • Government assets and liabilities.
Sale of Investment is __________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
Capital introduced is ____________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
Sale of Goods for cash is ____________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
Interest accrued on Investment is __________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
Subsidy received from Govt. for Land is _____________.
  • Capital Receipt
  • Revenue Receipt
  • Advance Receipt
  • None of these
The receipt side of Cash Book ( Bank Column) was over cast by Rs.When the balance as per Cash Book is starting point _________ .
  • Rs. 112 to be added
  • Rs. 112 to be subtracted
  • No adjustment in required
  • None of these
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