Match the LIST-I with LIST-II
LIST-I (Budgetory transactions) LIST-II (Components) A. Wealth tax I. Capital Expenditure B. Sale of shares in Public Sector Undertakings II. Revenue Receipts C. Interest payments on debt by the government III. Non-debt creating capital receipts D. Loans and advances by the central government to state IV. Revenue Expenditure
Choose the correct answer from the options given below:
Match the LIST-I with LIST-II
| LIST-I (Budgetory transactions) | LIST-II (Components) |
|---|---|
| A. Wealth tax | I. Capital Expenditure |
| B. Sale of shares in Public Sector Undertakings | II. Revenue Receipts |
| C. Interest payments on debt by the government | III. Non-debt creating capital receipts |
| D. Loans and advances by the central government to state | IV. Revenue Expenditure |
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
Wealth tax is a revenue receipt of the government (A-II). Sale of PSU shares (disinvestment) is a non-debt creating capital receipt (B-III). Interest payments on government debt are revenue expenditure (C-IV). Loans and advances by the centre to states create assets, hence capital expenditure (D-I).
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