CUET Economics - All those elements which create liability and decrease the assets of government are known as : | PYQs + Solutions

CUET Economics

Macro

Easy

Capital Receipts

Capital Payments

Revenue Receipts

Revenue Payments

✅ Correct Option: 1

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Which of the following taxes is a tax levied by the state governments that has been subsumed under GST?

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Match List-I with List-II

List-I	List-II
(A) Annual financial statement	(I) Create liabilities or reduce financial assets.
(B) Capital receipts	(II) Trade surplus.
(C) Capital expenditure	(III) Main budget document.
(D) Export > Import	(IV) Create financial assets or reduce liabilities.

Choose the correct answer from the options given below:

CUET Economics PYQs