COMPONENTS OF GOVERNMENT BUDGET
Authored by amit arora
Social Studies
12th Grade
Used 38+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Subsidies on fertilizers is a
capital receipt
revenue receipt
capital expenditure
revenue expenditure
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
the component of budget that creates an asset of the government is
revenue receipt
revenue expenditure
capital receipt
capital expenditure
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Interest paid on foreign loan is a capital expenditure.
true
false
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
GST received by the government is a
revenue receipt
capital receipt
an indirect tax
both 1 and 3
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
corporate tax is a direct tax.
true
false
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
escheats are
revenue receipts
capital receipts
revenue expenditure
capital expenditure
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
it neither creates an asset nor reduces liability
revenue expenditure
capital expenditure
revenue receipt
capital receipt
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