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NextQ16

(i) Distinguish between direct tax and indirect tax with the help of suitable examples. (ii) Explain the 'redistribution of income' objective of the Government Budget. (i) Suppose the following data is presented for an imaginary economy : Calculate Revenue Deficit and Fiscal Deficit. (ii) Differentiate between public provision and public production.

Budget Receipts and ExpenditureStudy Simplify SpecialPYQ6LQ
Question 15

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) Urban Development (II) Rural Development TREND OF MAJOR ITEMS OF EXPENDITURE (in Rs. lakh crore) (ii) Distinguish between 'Fiscal deficit' and 'Primary deficit'.

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