Wordpress: Get checked/selected taxonomy label

I am trying to figure out how to get taxonomy(checkboxes) label from a custom post type that is checked/selected to show on the single custom post. The code below is outputting all the taxonomies not just the checked ones.

 function get_terms_chekboxes($taxonomies, $args) {
   $terms = get_terms($taxonomies, $args);
   foreach($terms as $term){
    $output .= $term->name ;
   }
   return $output;
  }
  echo get_terms_chekboxes('genre', $args = array('post_type' => 'movie','hide_empty'=>false)); 

How to get checked taxonomy labels.

Thanks.

Reference