1. The term budget is derived from _____________
word bougette.
Italian
French
Latin
Greek
2. _____________ is an example of direct tax.
Excise duty
Wealth tax
Sales tax
Gifts
3. When government revenue exceeds government
expenditure, it is known as _____________ budget.
surplus
balanced
deficit
unbalanced
4. During depression ____________ budget is
preferable.
balanced
surplus
deficit
zero
5. In India, budget is prepared ___________
daily
weekly
monthly
annually
