CUET Economics - 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: | PYQs + Solutions

CUET Economics 2025 15 May Shift 1

Macro

Medium

(A) and (D) only

(B) and (C) only

(A), (C) and (D) only

✅ Correct Option: 3

Related questions:

13 May Shift 1

Which of the following feature of GST removes/reduces the cascading effect?

15 May Shift 1

Match List-I with List-II

List-I	List-II
(A) Interest received from abroad	(I) revenue expenditure
(B) Partial repayment of loan	(II) capital expenditure
(C) Selling of equity of PSUs by the government	(III) revenue receipt
(D) Salaries given to government employees	(IV) capital receipt

Choose the correct answer from the options given below:

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?

CUET Economics 2025 15 May Shift 1 PYQs

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