COMPONENTS OF GOVERNMENT BUDGET

Subsidies on fertilizers is a

• capital receipt

• revenue receipt

• capital expenditure

• revenue expenditure

the component of budget that creates an asset of the government is

• revenue receipt

• revenue expenditure

• capital receipt

• capital expenditure

Interest paid on foreign loan is a capital expenditure.

• true

• false

GST received by the government is a

• revenue receipt

• capital receipt

• an indirect tax

• both 1 and 3

corporate tax is a direct tax.

• true

• false

escheats are

• revenue receipts

• capital receipts

• revenue expenditure

• capital expenditure

it neither creates an asset nor reduces liability

• revenue expenditure

• capital expenditure

• revenue receipt

• capital receipt

expenditure on the vaccination of people for Covid 19 is

• revenue expenditure

• capital expenditure

• both 1 and 2

• none

repayment of loan to the US government is

• revenue receipt

• capital receipt

• revenue expenditure

• capital expenditure

the incidence of this tax cannot be shifted

• direct

• indirect