Question : What are the differences between revenue expenditures and revenue receipts?
Option 1: Revenue
Option 2: Total expenditure
Option 3: Revenue deficit
Option 4: Total revenue
Correct Answer: Revenue deficit
Solution : The correct answer is Revenue deficit.
Revenue receipts are the government's income that is used to cover the government's day-to-day costs. These receipts are recurrent and do not increase the government's assets. Revenue expenditures are government expenses incurred to address the day-to-day requirements of the government and the people. These are also ongoing expenses that do not result in the production of assets.
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Question : Recoveries of loans and advances, borrowings, are an example of ________.
Option 1: non-tax receipts
Option 2: capital receipts
Option 3: revenue receipts
Option 4: tax receipts
Question : Expenditure of the government on health facilities, education and fixed-asset acquisition is termed as _________.
Option 1: revenue expenditure
Option 2: plan expenditure
Option 3: non-plan revenue expenditure
Option 4: capital expenditure
Question : A government budget shows a primary deficit of INR 6,900 crore. The revenue expenditure on interest payments is INR 400 crore. Fiscal deficit is equal to:
Option 1: INR 6,500 crore
Option 2: INR 7,300 crore
Option 3: INR 7,100 crore
Option 4: INR 6,900 crore
Question : The ratio of the incomes of A and B is 3 : 5, whereas the ratio of their expenditures is 4 : 7 respectively. If A and B save INR 16,000 and INR 26,000, respectively, then what is the difference (in INR) between their expenditures?
Option 1: 5400
Option 2: 6800
Option 3: 5000
Option 4: 6000
Question : Which of the following expressions is correct?
Option 1: Gross Primary Deficit = Gross Fiscal Deficit + Net Interest Liabilities
Option 2: Gross Primary Deficit = Gross Fiscal Deficit – Net Interest Liabilities
Option 3: Gross Primary Deficit = Gross Fiscal Deficit ÷ Net Interest Liabilities
Option 4: Gross Primary Deficit = Gross Fiscal Deficit × Net Interest Liabilities
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