Question : Which of the following is not a revenue receipt by the government?

Option 1: Cash grants-in-aid from foreign countries and international organisations.

Option 2: Sale of government assets.

Option 3: Fees and other receipts for services rendered by the government.

Option 4: Dividends and profits on investments made by the government.

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

Question : Which of the following is a source of tax revenue?

Option 1: Penalties

Option 2: Customs

Option 3: Profits

Option 4: Grants

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 : GATT was established in 1948 with ______ countries as the global trade organisation to administer all multilateral trade agreements by providing equal opportunities to all countries in the international market for trading purposes.

Option 1: 29

Option 2: 23

Option 3: 35

Option 4: 28

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