Annual Budget

The provision of a “vote-on-account” is used by a regular Government, while an “interim budget” is a provision used by a caretaker Government

A “vote-on-account” only deals with the expenditure in Government’s budget, while an “interim budget includes both expenditure and receipts

Both A and B

None of these

External borrowing

Non-bank borrowing domestically

Both A and B

None of these

The external value of the currency would tend to fall

The external value of the currency would tend to rise

The injections from trade are greater than the withdrawals

Aggregate demand is increasing

83,000 kg

99,500 kg

87,000 kg

91,000 kg

The amount of tax paid increases with income

The marginal rate of tax decreases with more income

The average rate of tax falls as income increases

The average rate of tax is constant as income increases

Is likely to reduce savings

Is likely to reduce the external value of the currency

Leads to a shift in the MEC schedule

Leads to a movement along the MEC schedule

The Federal Government

The Provincial Government

The District Government

The Local Government

Opportunity cost of money tied up in stocks

Storage costs

Meet unexpected demand

Risk of spoilage

Higher interest rates

Higher income rates

Tariffs

Reduced government spending

6 to 12 months.

5 to 10 years.

1 year.

None of these