Question : ________________ gives a warning signal to the government to either curtail its expenditure or increases its revenue.
Option 1: Capital deficit
Option 2: Revenue deficit
Option 3: Revenue expenditure
Option 4: Revenue receipts.
Correct Answer: Revenue deficit
Solution : A high revenue deficit gives a warning signal to the government to either curtail its expenditure or increases its revenue. Government should take serious steps to reduce its expenditure and to increase its receipt from various sources of tax and nontax revenue.
Hence, Option B is correct.
Question : ___________________ refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Question : The revenue deficit is calculated as ____________ minus revenue receipts.
Option 1: Total expenditure
Option 2: Capital receipts
Option 3: Capital expenditure
Option 4: Fiscal deficit
Question : Fill in the blanks- ____________________= Revenue expenditure - Revenue receipts.
Option 2: Budgetary deficit
Option 3: Revenue deficit
Option 4: None of the above.
Question : Fill in the blanks- ____________________= Capital expenditure - Capital receipts.
Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
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