Know Your Government Quiz – 10 Welcome to your Know Your Government Quiz - 10 1. The first Union Budget of independent India was presented by which Finance Minister? (A) R.K. Shanmukham Chetty (B) Morarji Desai (C) P. Chidambaram (D) Pranab Mukherjee 2. Which of the following is not a component of the Union Budget of India? (A) Revenue Budget (B) Capital Budget (C) Economic Survey (D) Annual Financial Statement 3. Which of the following is not a source of revenue for the government of India? (A) Taxes (B) Non-tax revenue (C) Borrowings (D) Foreign aid 4. Which of the following is not a major expenditure of the government of India? (A) Interest payments (B) Defence (C) Education (D) Health 5. Which of the following is not a fiscal deficit? (A) Revenue deficit (B) Budget deficit (C) Primary deficit (D) Fiscal deficit 6. Which of the following is not a fiscal responsibility measure? (A) Gold monetization (B) Fiscal Responsibility and Budget Management Act (C) Direct tax code (D) Goods and services tax 7. Which of the following is not a goal of the Fiscal Responsibility and Budget Management Act? (A) Reduce the fiscal deficit (B) Eliminate revenue deficit (C) Bring down the debt-to-GDP ratio (D) Increase the revenue from non-tax sources 8. Which of the following is not a type of government debt? (A) Internal debt (B) External debt (C) Market borrowings (D) Public sector borrowings Please fill in the comment box below. Please Share This Share this content Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Opens in a new window Leave a Reply Cancel replyCommentEnter your name or username to comment Enter your email address to comment Enter your website URL (optional) Save my name, email, and website in this browser for the next time I comment.