Revenue Budget
Trending Questions
Briefly discuss the problems faced by public sector undertakings in India.
Which of the following is a part of the revenue expenditure in the Indian Government budget?
Interest payments
Defence purchases
All of the above
Wage bill of the government
Which of following is a direct tax?
excise duty
entertainment tax
corporation tax
service tax
Which of the following is an indirect tax?
Paper tax
Wealth tax
Income tax
Sales tax
Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer.
(i) Receipt from sale of shares of a public sector undertaking.
(ii) Borrowing from public.
(iii) Profit of public sector undertakings.
(iv) Income tax received by government.
Taxes like wealth tax and gift tax in India which carry their significance only on paper and have no significance in terms of revenue yield are called
paper taxes
indirect tax
direct tax
value added tax
Why are tariffs imposed?
Find (a) fiscal deficit, and (b) primary deficit from the following:
Items (Rs in crore)
Revenue expenditure = 70, 000
Borrowings = 15, 000
Revenue receipts = 50, 000
Interest payments = 25% of revenue deficit.
Does public debt impose a burden? Explain.
Which one of the following is a combination of direct taxes?
Excise duty and Wealth tax
Service tax and Income tax
Excise duty and Service tax
Wealth tax and Income tax
What does zero primary deficit mean?
Comment on the following statements as true or false, with a reason.
(i) Construction of school-building is a revenue expenditure of the government.
(ii) Gift tax is a capital receipt.
(iii) Dividends on investment made by government is a revenue receipt.
- tax revenue
- capital expenditure
- non-tax revenue
- revenue expenditure
The government decides to give budgetary incentives to investors to build infrastructure in the backward regions. Explain the possible incentives and the reasons for the same.
A tax, the burden of which can be shifted on to others, is called:
direct tax
indirect tax
wealth tax
none of these
Which of the following is/are recurring in nature?
Tax receipts
Non-tax receipts
Loans which are taken by the government
None of the above
If Tata Motors imports a product from abroad, which of the following taxes will be levied on it?
Customs duty
VAT
Sales tax
Income tax
Which of the following is NOT a non-tax receipt?
Fees
Fines
Gift tax
Grants and donations
Which of the following is NOT a non-plan expenditure?
Interest payments
Defence services
Subsidies
None of the above
Defence expenditure falls under
Plan Expenditure
Non-Plan Expenditure
None of the above
Infrastructure Expenditure
Which of the following is a non-tax receipt?
Sales tax
Donations
Excise duty
Gift tax
How can the creation of income earning assets address the problem of poverty?
The non-tax revenue in the following is
Export duty
Import duty
Dividends
Excise
Categorise the following as Revenue and Capital receipts (give reasons):
(a) School fees in government school
(b) Challans
(c) Disinvestment
(d) Custom duty
i. Entertainment tax
ii. Income tax
iii. House tax
iv. Sales tax
Central assistance for state and union territory plans comes under:
Non-Planned Expenditure
Planned Expenditure
Both A and B
Not an expenditure
Tax that is imposed on value added at the various stages of production is known as
corporate profit tax
direct personal tax
value-added tax
none of these
Name the type of budget which is prepared to determine the net cash position.
Do you approve of disinvestment as a prudent means of financing budget deficit?
