Budget and Fiscal deficits – Test 1

Central Budget is presented by

Budget is presented every year on

Budget is said to be in balance if

Budget deficit is equal to difference between

To get fiscal deficit we add ___ to Budget deficit

As per Budget 2009-10 the threshold limit of exemption in case of all the male assesses is

As per Budget 2009-10 the threshold limit of exemption in case of all the women assesses is

As per Budget 2009-10, the rate of MAT has been increased from 10% to ____

In Budget 2008-09, the threshold level of service tax exemption for small service providers has been enhanced to ___

In Budget 2009-10, the exemption limit for senior citizens has been raised to _____

As per Economic Survey 2008-09 GDP growth during 2008-09 is estimated to be

As per Economic Survey 2008-09 manufacturing sector reported growth _____ in 2008-09.

As per Budget 2009-10 against every Re.1 payment of Central Government Rs ______ goes towards interest payment

As per Budget 2009-10 against every Re.1 payment of Central Government Rs __ is spend on defense .

As per Budget 2009-10 against every Re.1 payment of Central Government Rs _____ goes as non plan assistance to States and Union territories .

As per Budget 2009-10 against every Re.1 payment of Central Government Rs. _____ goes as State and UTs shares of tax and duties

As per Budget 2009-10 against every Re.1 payment of Central Government Rs. _____ goes as subsidy payment .

As per Budget 2009-10 against every Re.1 payment of Central Government Excise duties contributes Rs ____

As per Budget 2009-10 against every Re.1 payment of Central Government Custom duties contributes

As per Budget 2009-10 against every Re.1 payment of Central Government Corporate taxes contributes

As per Budget 2009-10 against every Re.1 payment of Central Government Income tax contributes

In the Budget 2009-10 peak rate of custom duty has been reduced to

In the Budget 2009-10 _____ has been abolished.

In the Budget 2009-10 the wealth – tax limit has been raised to ______

Budget estimates of Fiscal deficit in 2009-10 is likely to be ______ % of GDP

Budget estimate of Revenue deficit in 2009-10 is likely to be ____ % of GDP

MAT stands for

Gross domestic product at current price is estimated to be ____ 000 crores in 2008-09

Gross National Product at 1999-2000 prices in estimated to be _____ 000 crores in 2007-08

Which of these taxes has been abolished in the Central Budget 2009-10.