Identify the correct statements from the following:

A. Revenue expenditure is any lay out that result in a decrease in financial assets or an increase in financial liabilities

B. Capital expenditure is expenditure which results in creation of financial assets or reduction in financial liabilities

C. Capital receipts are receipts which leads to reduction in financial assets or creation of liability

D. Revenue receipts are receipts which lead to decrease in financial assets or increase of financial liability

E. Revenue receipts are receipts which neither lead to reduction in financial assets nor creation of financial liability

Choose the correct answer from the options given below:

Arrange the following events in chronological order as per the time period.

(A) Gender Budgeting.

(B) Fiscal Responsibility and Budget Management Act.

(C) 101th Constitution Amendment Act.

(D) Goods and Service Tax.

Choose the correct answer from the options given below:

The sales of bread have increased from 10 units to 15 units. Suppose the government imposed a unit tax of Rs. 5 on current production, then the total tax that the firm must pay to the government is?

Which of the following statements about national debt are correct?

(A) Deficit can be thought of as a flow variable which adds to the stock of debt

(B) The government finances debt through taxation, borrowing or printing money

(C) Debt owned to foreigners involves a higher burden than debt owned to domestic agents and institutions

(D) Government's debt financing crowds out private borrowers in financial markets

Choose the correct answer from the options given below:

The difference between the government's total expenditure and its total receipts excluding borrowing.

Which one attracts both GST and Central Excise Duty?

Public Goods are always :