Which of the following are included in 'revenue receipts'? (a) Tax Revenue (b) Non-tax Revenue
Both (a) and (b)
The correct answer is Both (a) and (b).
Examples include: Borrowings: Loans taken by the government (creates liability). Recovery of Loans: Money received back from loans given out earlier (reduces assets - the loan outstanding). Disinvestment Receipts: Money raised by selling government stake in public sector undertakings (reduces assets). Understanding this distinction between revenue and capital accounts is fundamental to analyzing the government budget.
Similar Questions
As per the Economic Survey 2019-20, India aspires to be a 5 trillion dollar economy by which year?
What does GDP stand for in economics?
Which of the following is an example of a macroeconomic indicator?
Which of the following statements is/are correct?
Statement I: Intermediate goods are goods used as inputs in the production of other goods
Statement II: Capital goods are durable goods used in production that do not get transformed into the final product.
What is the term for the economic measure that tracks changes in the price level of a basket of goods and services?
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Important Questions from National Income Accounting
In the context of Indian economy, consider the following statements:
1) The growth rate of GDP has steadily increased in the last five years.
2) The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
The national income of a country for a given period is equal to the
Which of the following Institutions estimate the national income of India?
Which of the following exchange rate is known as error prone swing?
______ are imposed on items like cigarettes and alcohol.
