Study SimplifyStudy Simplify
NextQ13

Classify the following as Revenue receipts or Capital receipts. Give valid arguments in support of your answer : (i) Interest received on loan. (ii) Disinvestment receipts from the sale of a government company. (iii) Financial assistance by the Government of USA for promoting girl education in India. (i) Study the following chart carefully and analyse the changing trends in the government expenditure on : (I) Transport (II) Rural Development TREND OF MAJOR ITEMS OF EXPENDITURE (in Rs. lakh crore) (ii) Distinguish between ‘fiscal deficit’ and ‘revenue deficit’.

Meaning and Objectives of Government BudgetStudy Simplify SpecialPYQ6LQ
Question 12

Study the given picture carefully : Sources of State and Local government tax revenues for a financial year Answer the following questions based on common knowledge and picture : (a) Categorise the given items in the picture into tax /non-tax receipts. (b) "Government has started spending more on providing free services like education and health to the poor." In the light of above statement, explain how the government can use the budgetary policy in reducing 'inequalities of income'.

12/64
Back to all questions