CUET Economics 2025 13 May Shift 1 PYQs

Which of the following statements are incorrect?

(A) Loans from IMF is a Revenue Receipt.

(B) Capital Receipts are shown on the liabilities of the balance sheet.

(C) Interest payment by the government represents a representation of fiscal deficit.

(D) Revenue Deficit is the excess of capital receipts over the revenue receipts.

Choose the correct answer from the options given below:

Which of the following represents the borrowing requirements of the government for the purposes other than interest payments?

Identify the correct statements from the following.

(A) Borrowings are non-debt creating capital receipt.

(B) Revenue deficit is same as borrowings of the government.

(C) When a government spends more than it collects by way of revenue, it incurs a budget deficit.

(D) The revenue deficit includes only such transactions that affect the current income and expenditure of the government.

Choose the correct answer from the options given below: