Question : Income and expenditure account records income and expenditure of :

Option 1: Capital nature only 

Option 2: Revenue nature only

Option 3: both Revenure and capital nature 

Option 4: None of  the above 

Question : Non-tax revenue is part of ______.

Option 1: Revenue expenditure

Option 2: Revenue receipts

Option 3: Capital expenditure

Option 4: Capital receipts

Question : In a government budget, revenue receipts = 13200, revenue expenditure = 14700, capital receipts net of borrowings = 4000, capital expenditure = 17300, and interest payments = 2350, fiscal deficit will be:

Option 1: 18800

Option 2: 14800

Option 3: 17150

Option 4: 12450

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 :  The government budget is classified into ____________ and ____________.

Option 1: Direct taxes, indirect taxes  

Option 2: Planned expenditure, non-planned expenditure  

Option 3: Revenue receipts, revenue expenditure

Option 4: Current account, capital account