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Standard XII
Business Studies
Call Money and T- Bill
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Question
Short answer type questions:
What are the two broad divisions of receipts of the government budget? Name two sources of each kind of receipt.
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Solution
Two broad divisions of receipts of the government budget:
1) Revenue receipts ( goods and services tax, escheat )
2) Capital receipts ( recovery of loan, recovery from RBI )
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Standard XII Business Studies
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