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(i) From the information given in the diagram, categorize the items into revenue receipts and capital receipts, stating valid reasons. WHERE INDIA GETS ITS MONEY FROM? For every Rs. 1 that the Govt. earns (ii) Distinguish between Revenue deficit and Fiscal deficit. (i) From the following data, calculate the primary deficit. (ii) Elaborate 'Economic stability' function of the Government Budget.

Meaning and Objectives of Government BudgetStudy Simplify SpecialPYQ6LQ
Question 1

(i) From the information given in the diagram, categorize the items into revenue receipts and capital receipts, stating valid reasons. WHERE INDIA GETS ITS MONEY FROM? For every Rs. 1 that the Govt. earns — Corporation tax 21 paise; Borrowings and other liabilities 20 paise; Customs 4 paise; Recovery of loan 3 paise; Non-tax revenue 9 paise; GST and other taxes 19 paise; Income tax 16 paise; Excise duties : 8 paise (ii) Distinguish between Revenue deficit and Fiscal deficit. (i) From the following data, calculate the primary deficit. (ii) Elaborate 'Economic stability' function of the Government Budget.

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