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Standard XII
Accountancy
Categories of Cash Flow Statement
Which of the ...
Question

Which of the following records the actual dollar expenditures, revenues, and deficits in a given period?

A
Structural budget
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B
Cyclical budget
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C
Actual budget
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D
None of the above
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Solution

The correct option is C Actual budget
Actual budget records the actual dollar expenditures, revenues, and deficits in a given period.

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Q. Which of the following calculates what government revenues, expenditures, and deficits would be if the economy were operating at potential output?
Q. Match List-I with List-II and select the correct answer using the code given the lists.
List-I (Type of budget deficit)List-II (Measurement of deficit)
A. Revenue Deficit1. Gap between total expenditure and total receipts
B. Fiscal Deficit2. Excess of revenue expenditure over revenue receipts
C. Primary Deficit3. Fiscal deficit less interest payments
D. Budgetary Deficit4. Difference between revenue receipts plus certain non-debt capital receipts and the total expenditure including loans, net of repayments

Q. Consider the following statements about 'Effective Revenue Deficit':
1. Effective revenue deficit refers to the difference between fiscal deficit and grants for creation of capital assets.
2. Effective revenue deficit signifies that amount of capital receipts that are being used for actual consumption expenditure of the government.
3. This concept was introduced in the Union Budget 2011-12.
Select the correct statements using the codes given below:
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. Consider the following expenditures:
1. Interest payments
2. Subsidies
3. Defence expenditure
Which of the expenditures given above is/are Non-Plan Revenue Expenditure?
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