Question : Revenue receipts includes
Option 1: Tax revenue
Option 2: Non-tax revenue
Option 3: Both A and B
Option 4: None of the above.
Correct Answer: Both A and B
Solution : Revenue receipts Include tax revenue and non-text revenue. Tax revenue includes compulsory payments. Non tax revenue includes fees, fines, etc. Hence, Option C is correct.
Question : Revenue budget includes
Option 1: Revenue receipts
Option 2: Revenue expenditure
Option 4: Neither A nor B
Question : Fill in the blanks- ____________________= Revenue expenditure - Revenue receipts.
Option 1: Capital deficit
Option 2: Budgetary deficit
Option 3: Revenue deficit
Question : Which of the following is non-recurring in nature?
Option 1: Revenue expenditure
Option 2: Capital receipts
Option 3: Revenue receipt
Option 4: Both A and C.
Question : ________________ refers to the receipt of the government from all sources other than those of tax receipt.
Option 2: Non tax revenue
Option 3: Direct tax
Option 4: Indirect tax
Question : These taxes are generally proportional in nature.
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