Macro

Government Budget

Easy

Choose the correct example of Revenue Expenditure.

Excise duty

Post office savings Accounts

Payment of salary to staff of government hospital

Recovery of loans

✅ Correct Option: 3

Revenue expenditure neither creates assets nor reduces liabilities. Payment of salaries to government hospital staff is a routine operating expense that meets both criteria, so it is revenue expenditure. Excise duty is a revenue receipt. Post office savings is a capital receipt (creates liability). Recovery of loans is a capital receipt (reduces assets).

2025: 14 May Shift 1

The 'Ricardian equivalence' view argued that in the face of high deficits, people save more. It is called 'equivalence' because it argues that taxation and borrowing are equivalent means of ...........

Financing expenditure
Financing borrowing
Financing Taxation
Financing deficit

2025: 2 June Shift 1

Primary Deficit can be zero if?

2025: 29 May Shift 2

The government policy affecting the personal disposable income of households by making transfers and collecting taxes is known by...........

2026: 19 May Shift 2

Match the LIST-I with LIST-II

LIST-I (Budgetary theory)	LIST-II (Consequence/implication)
A. Redistribution objective	I. Public provision
B. Allocation Function	II. Government spending more than revenue
C. Budget deficit	III. Intervention to change aggregate demand
D. Stabilization Function	IV. Progressive income taxation

Choose the correct answer from the options given below:

2022: 15 July Shift 2

Identify the incorrect statement of the union budget of India 2022- 23.

2025: 29 May Shift 1

Which of the following are features of fiscal policy?

(A) Taxes and government spending are tools of fiscal policy.

(B) It is implemented by the central bank.

(D) It involves adjustments in public debt.

Choose the correct answer from the options given below:

Choose the correct example of Revenue Expenditure.

Solution

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