+91-8076753736 [email protected]

-->

The Government : Budget And The Economy

Question

Wired Faculty App

Why are borrowings by the government treated as capital receipts?

Solution

Solution not provided.

Some More Questions From The Government : Budget And The Economy Chapter

Differentiate between Revenue Receipts and Capital Receipts.

Describe components of Revenue Receipts (Receipts from tax revenue and non tax revenue).
or
Distinguish between Tax and non-tax revenue. Name two sources of non-tax revenue receipts.

Explain components of Capital Receipts.
or
Name two sources of Capital Receipts.
or
Why is recovery of loan treated as a capital receipt?

Giving reasons categorise the following into revenue receipts and capital receipts.
(i) Recovery of loans, (ii) Corporation tax, (iii) Dividend on investment made by govt. (iv) Sale of public sector undertaking.

Define a tax.

Distinguish between Direct and Indirect taxes.
or
What is the basis of classifying taxes into direct tax and indirect tax? Give an example of each.

Classify the following into direct and indirect tax. Give reasons.
(i) Wealth tax, (ii) Entertainment tax, and (iii) Income tax.

What is meant by Budget (Government) Expenditure? Describe its components (items).

Distinguish between revenue expenditure and capital expenditure.
or
What is the basis of classifying government expenditure into revenue expenditure and capital expenditure?

Why are subsidies treated as revenue expenditure?

Mock Test Series

Mock Test Series

NCERT Sample Papers

Entrance Exams Preparation