Budget & Finance Quiz

Froggy Jumps

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Test your understanding of government budgets.

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Amirthavalli N

India

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Froggy Jumps Budget & Finance QuizOnline version Test your understanding of government budgets. by Amirthavalli N 1 An annual statement of the government's receipts and expenditure is known as? a Account b Income estimates c Budget 2 Which is an example of direct tax? a VAT b Excise duty c Wealth tax 3 What is the period of a fiscal year? a 1 March to 28 February b 1 January to 31 December c 1 April to 31 March 4 When government spends more than it collects by way of revenue, it incurs? a Budget deficit b Budget surplus c Capital expenditure 5 The fiscal deficit is the difference between the government’s total expenditure and total receipts excluding? a Borrowings b Interest c Taxes 6 Which of the following is the component of a budget? a None b Fiscal budget c Both of these 7 When a government spends more than it can collect as revenue, it incurs? a Revenue expenditure b Budget surplus c Budget deficit 8 The fiscal deficit is the difference between total expenditure and receipts excluding borrowings? a True b False c Cannot determine 9 The primary deficit is zero when the fiscal deficit is zero? a Depends on interest b True c False 10 Direct taxes are collected from? a Sellers b Income earners c Producers

Froggy Jumps

Budget & Finance QuizOnline version

Test your understanding of government budgets.

by Amirthavalli N

An annual statement of the government's receipts and expenditure is known as?

Account

Income estimates

Budget

Which is an example of direct tax?

VAT

Excise duty

Wealth tax

What is the period of a fiscal year?

1 March to 28 February

1 January to 31 December

1 April to 31 March

When government spends more than it collects by way of revenue, it incurs?

Budget deficit

Budget surplus

Capital expenditure

The fiscal deficit is the difference between the government’s total expenditure and total receipts excluding?

Borrowings

Interest

Taxes

Which of the following is the component of a budget?

None

Fiscal budget

Both of these

When a government spends more than it can collect as revenue, it incurs?

Revenue expenditure

Budget surplus

Budget deficit

The fiscal deficit is the difference between total expenditure and receipts excluding borrowings?

True

False

Cannot determine

The primary deficit is zero when the fiscal deficit is zero?

Depends on interest

True

False

Direct taxes are collected from?

Sellers

Income earners

Producers

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Budget & Finance Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Budget & Finance QuizOnline version

by Amirthavalli N

An annual statement of the government's receipts and expenditure is known as?

Which is an example of direct tax?

What is the period of a fiscal year?

When government spends more than it collects by way of revenue, it incurs?

The fiscal deficit is the difference between the government’s total expenditure and total receipts excluding?

Which of the following is the component of a budget?

When a government spends more than it can collect as revenue, it incurs?

The fiscal deficit is the difference between total expenditure and receipts excluding borrowings?

The primary deficit is zero when the fiscal deficit is zero?

Direct taxes are collected from?

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