Government Budget and Expenditure Quiz

Fiscal Budget is actually a component of government budget.

Revenue Budget primarily includes expenditure on current goods and services.

Dividends from state-owned enterprises are an example of non-tax revenue for the government.

In a Balanced Budget, government revenue equals government expenditure.

Construction of roads and bridges is a component of Capital Expenditure.

The main objective of a Fiscal Budget is to achieve economic stability.

Subsidies are not a source of government revenue.

Construction of a new hospital building is an example of capital expenditure.

Deficit Financing refers to borrowing by the government to finance its expenditure when revenue falls short.

The primary purpose of a Supplementary Budget is to allocate funds for unexpected expenditures not covered in the original budget.

A Surplus Budget indicates a budget where revenue exceeds expenditure.

Progressive Taxation imposes a higher tax rate on individuals with higher incomes.

The purpose of Gender Budgeting is to allocate resources based on gender-specific needs and priorities.

The purpose of Performance Budgeting is to allocate funds based on the performance and results achieved by government programs.

The primary aim of Zero-Based Budgeting is to justify every expense from scratch regardless of past budgets.