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 None 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 None 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 None 4. Which of the following is not a major expenditure of the government of India? (A) Interest payments (B) Defence (C) Education (D) Health None 5. Which of the following is not a fiscal deficit? (A) Revenue deficit (B) Budget deficit (C) Primary deficit (D) Fiscal deficit None 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 None 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 None 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 None Please fill in the comment box below.