Macro

Government Budget

Easy

__________ is a revenue receipt of the Government.

Profits of LIC, a public enterprise

Amount borrowed from Japan for construction of Bullet Train

Recovery of loans

Sale of 40% shares of a public sector undertaking to a private enterprise

✅ Correct Option: 1

Revenue receipts are those that neither create liabilities nor reduce assets of the government. Profits of public enterprises like LIC are non-tax revenue receipts. Borrowings create liabilities (capital receipt). Recovery of loans and disinvestment reduce assets, so they are capital receipts.

2025: 14 May Shift 1

The priorities of the government in the fiscal area, examining current policies and justifying any deviation in important fiscal measures, are set under ..........statement.

Medium-term Fiscal Policy
The Fiscal Policy Strategy
The Macroeconomic Framework
Fiscal Responsibility and Budget Management Act

2026: 20 May Shift 1

Which of the following is not a component of Capital Receipts?

2023: 20 June Shift 1

Match List I with List II

LIST I	LIST II
A. Revenue Receipt	I. Increase in Liability
B. Capital Receipt	II. Do not increase in Asset
C. Revenue Expenditure	III. Increase in Asset
D. Capital Expenditure	IV. Do not increase Liability

Choose the correct answer from the options given below:

2023: 20 June Shift 1

The Government Budget has a revenue deficit this can be financed by : ___________ .

A. Borrowings

B. Tax Revenue

C. Disinvestment

D. Indirect taxes

Choose the correct answer from the options given below:

2022: 16 July Shift 2

Which of the following is an example of Goods and service tax (GST)

2025: 21 May Shift 1

Suppose, a laptop has been purchased by Aman, a resident of Delhi from AX computers Pvt Ltd based in Gurugram, Haryana. Which type of GST will be levied on the laptop sold?

__________ is a revenue receipt of the Government.

Solution

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