Related InterviewSolutions

• Explain the distinction between fiscal deficit and primary deficit .
• What is the basis of classifying government expenditure into Revenue Expenditure and Capital Expenditure ? Which of these types of expenditure is payment of salaries to government employees and why ?
• Are the following statements true or false ? Give reasons. Government budget is a statement of actual receipts and payments of the government .
• Identify the Objective of Government Budget from the following statements : (i) Government increases taxes on liquor . (ii) Government increases its own expenditure during deflation to increase aggregate demand. (iii) Government increases taxes on super rich people . (iv) Government increases expenditure on infrastructure .
• What are the two kind broad divisions of receipts of the government budget ? Name two sources of each kind of receipt.
• Is the following revenue receipt or capital receipt in the context of government budget and give reason ? (i) Tax receipts (ii) Disinvestment
• Components of govt. budgetA. Revenue receiptB. revenue expenditureC. capital receipt and expenditureD. all of these.
• It affects the assets and liabilities of the government :A. taxesB. fees and finesC. disinvestmentD. forfeiture of bonds.
• Receipts which do not affect asset or liability status of the governmentA. capital receiptsB. revenue receiptsC. budgetary receiptsD. none of these .
• The receipts of the government which create liabilities or reduce assets are called_________.A. capital receiptsB. revenue receiptsC. escheatD. fees and fines