List of top Economics Questions on Budget

The relationship between tax revenue and tax rate is represented by _ _ _.

Select the correct statements: A. Fiscal Deficit = Budget Deficit - Interest Payments, B. Revenue Deficit = Revenue Expenditure - Revenue Receipts, C. Budget Deficit = Total Expenditure - Total Receipts, D. Primary Deficit = Fiscal Deficit + Interest Payments, E. Current Deficit = Budget Deficit + Borrowings.

As per Union Budget 2024-25, arrange the following sources of revenue in ascending order in terms of their contribution to the overall revenue of the central government for 2023-24:

(A) GST and other related taxes
(B) Income Tax
(C) Union Excise Duties
(D) Corporate Tax
Choose the correct answer from the options given below:

Arrange the following sectors in descending order as per the union government capital expenditure amount for FY2023-24:

(A) Defence Services
(B) Railways
(C) Road Transport and Highways
(D) Telecommunications
Choose the correct answer from the options given below:

Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Deficit} & \textbf{Level as \% of GDP for FY2021} \\ \hline \text{(A) Revenue Deficit} & \text{(I) 1.2} \\ \hline \text{(B) Fiscal Deficit} & \text{(II) 5.7} \\ \hline \text{(C) Primary Deficit} & \text{(III) 9.2} \\ \hline \text{(D) Current Account Deficit} & \text{(IV) 7.3} \\ \hline \end{array}\] Choose the correct answer from the options given below:

Article 112 of the Indian Constitution deals with: