Macro

Government Budget

Medium

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:

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

A-I, B-III, C-II, D-IV

A-IV, B-I, C-II, D-III

A-II, B-III, C-IV, D-I

A-I, B-IV, C-II, D-III

✅ Correct Option: 2

Revenue Receipt does not create any liability (A-IV). Capital Receipt either creates liability (borrowings) or reduces assets, so it is matched with Increase in Liability (B-I). Revenue Expenditure does not create any asset (C-II). Capital Expenditure creates assets (D-III). Match: A-IV, B-I, C-II, D-III.

2023: 11 June Shift 3

Which of the following are sources of revenue expenditure by the Government ?

(A) Repayment of loans

(B) Expenditure on Defence services

(D) Interest payments

(E) Lending to commercial banks

Choose the correct answer from the options given below :

2025: 15 May Shift 1

Which of the following are the features of public goods?

2022: 15 July Shift 2

PM Gati Shakti- National master plan for multi-modal connectivity is an example of:

2026: 15 May Shift 1

The Proportional Income Tax, acts as an __________, a shock absorber because it makes disposable income, and thus consumer spending purposes less sensitive to fluctuation in GDP.

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: 16 July Shift 2

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

Match List I with List II LIST ILIST IIA. Revenue ReceiptI. Increase in LiabilityB. Capital ReceiptII. Do not increase in AssetC. Revenue ExpenditureIII. Increase in AssetD. Capital ExpenditureIV. Do not increase Liability Choose the correct answer from the options given below:

Solution

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CUET Economics Past Year Questions (Topic-Wise)

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: