Question : If the government revenue expenditure exceeds revenue receipt, it is called:

Option 1: revenue deficit

Option 2: primary deficit

Option 3: capital deficit

Option 4: fiscal deficit

Question : The gross primary deficit can be expressed as ______.

Option 1: Gross fiscal deficit – Net interest liabilities

Option 2: Capital expenditure – Revenue deficit

Option 3: Gross fiscal deficit + Net interest liabilities

Option 4: Revenue deficit + Capital expenditure

Question : Which of the following is an indirect tax?

Option 1: Capital gains tax

Option 2: Goods and services tax

Option 3: Wealth tax

Option 4: Gift tax

Question : Which type of tax acts as an automatic stabiliser in the economy?

Option 1: Professional tax

Option 2: Wealth tax

Option 3: Capital gains tax

Option 4: Proportional income tax

Question : Gross primary deficit is the difference between ______.

Option 1: revenue deficit and interest receipts

Option 2: gross fiscal deficit and interest receipts

Option 3: revenue deficit and interest payments

Option 4: gross fiscal deficit and net interest liabilities