Government Budget and the Economy - MCQ Quiz
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1. What is the primary purpose of a government budget?
To regulate the economy · To estimate government revenue and expenditure · To control inflation · To manage public debt
2. Which of the following is a component of the government budget?
Capital account · Revenue account · Balance of payments · Foreign exchange reserves
3. What does a revenue deficit indicate?
Expenditure exceeds revenue · Revenue exceeds expenditure · Balanced budget · Surplus budget
4. Which of the following is not a source of government revenue?
Taxes · Public borrowing · Dividends from public enterprises · Private investments
5. What is the term for the difference between total revenue and total expenditure?
Fiscal deficit · Revenue deficit · Budget surplus · Budget deficit
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