Government Receipts and Government Expenditures

Q.

Calculate Revenue Deficit, Fiscal Deficit and Primary Deficit from the following data:

Items (Rs in crore)

(i) Revenue expenditure 22, 250

(ii) Capital expenditure 28, 000

(iii) Revenue receipts 17, 750

(iv) Capital receipts (net of borrowing) 20, 000

(v) Interest payments 5, 000

(vi) Borrowings 12, 500

Q.

Find fiscal deficit, given the following information:

Items (Rs)

(i) Estimated total expenditure of the government 1, 50, 000

(ii) Revenue receipts 1, 20, 000

(iii) Non-debt capital receipts 10, 000

Q.

From the following data about a government budget, find (a) revenue deficit, (b) fiscal deficit, and (c) primary deficit:

Items (Rs in lakh)

(i) Tax revenue 50

(ii) Revenue expenditure 110

(iii) Capital expenditure 210

(iv) Non-tax revenue 30

(v) Capital receipts net of borrowing 140

(vi) Interest payments 20

Q.

What are the two components of the government budget?

Q.

The government budget of a hypothetical economy presents the following information, which of the following value represents Budgetary Deficit? (all fig. in crores of Rupees).

A. Revenue Expenditure = 25, 000

B. Capital Receipts = 30, 000

C. Capital Expenditure = 35, 000

D. Revenue Receipts = 20, 000

E. Interest Payments = 10, 000

F. Borrowings = 20, 000

1. Rs 12, 000 crore

2. Rs 10, 000 crore

3. Rs 20, 000 crore

4. None of the above

Q.

Who among the following is the chairman of the Planning Commission?

1. Finance Minister

2. Minister of Commerce

3. President of India

4. Prime Minister

Q.

In a government budget, if revenue receipts = Rs. 100 lakh, capital receipts = Rs. 50 lakh and revenue deficit = Rs. 25 lakh, how much is the revenue expenditure?

Q.

The two main elements of the budget are:

1. Receipts

2. Investment

3. Expenditure

4. None of the above

Q. Which of the following expenses are charged on the Consolidated Fund of India?

1. Salary and allowances of the President
2. All the above
3. Sum payable as a result of judgement decree or award of a court
4. Debt charges of the government of India

Q. Differentiate between revenue budget and capital budget.

Q.

Is it correct that if revenue budget balances, capital budget also balances?

Q. Short answer type questions:
Giving reasons, categorise the following into revenue expenditure and capital expenditure: (i) Subsidies; (ii) Grants given to State Governments; (iii) Repayment of loans; (iv) Construction of school buildings.

Q. From the given information, calculate: (a) Revenue Recepits (b) Fiscal Deficit and (c) Primary Deficit

Particulers	(Rs. in Crore)
(i) Revenue Deficit	6, 000
(ii) Revenue Expenditure	11, 000
(iii) Capital Expenditure	14, 000
(iv) Non-debt Creating Capital Receipts	8, 000
(v) Interset Payments	7, 000

Q.

Name the two sides of the governament budget.

Q. Revenue budget and budget are the components of the government budget.

1. investment
2. capital
3. income
4. expenditure

Q. Short answer type questions:
What is a government budget? Name two sources each of non-tax revenue receipts and capital receipts.

Q.

What does revenue deficit imply?

Q. Very short answer type question:
Why is payment of interest a revenue expenditure?

Q. Per capita national income is measured as ________.

1. $\frac{\text{Total capital}}{Population}$
2. $\frac{NNP}{Population}$
3. $\frac{Population}{NNP}$
4. None of the above

Q. Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?

1. Department of Revenue
2. Department of Economic Affairs
3. Department of Financial Services
4. Department of Expenditure

Q. Very short answer type question:
A government budget shows a primary deficit of Rs. 4, 400 crores. The revenue expenditure on interest payment is Rs. 400 crores. How much is the fiscal deficit?

Q. Explain the methods of calculating National income.

Q. The two main elements of the budget are receipts and .

1. expenditures
2. investment
3. receipts
4. capital

Q. Define 'public debt'.

Q. For ____________separate budget presents every year before the Parliament.

1. railway
2. post and telegraph
3. all the three
4. defence

Q.

From the following data about a government budget find (a) revenue deficit, (b) fiscal deficit and (c) Primary deficit:

(Rs. arab)

i)Plan capital 120 expenditure

ii) Revenue expenditure 100

iii) Non-plan capital 80 expenditure

iv) Revenue receipts 70

v) Capital receipts net of borrowing 140

vi) Interest payments 30

Q. Explain what is meant by tax revenue? Explain its uses.

Q. Which of the following is NOT one of the department of Ministry of Finance in India?

1. Economic Affairs
2. Expenditure
3. Revenue
4. Social Justice

Q. Provision regarding levy of duties and taxes are announced in _______.

1. finance budget every year.
2. railway budget
3. appropriation account
4. none of the above

Q.

Name the two major alternative mechanisms used for allocation of funds.