Question : ________________ gives a warning signal to the government to either curtail its expenditure or increases its revenue.
Option 1: Capital deficit
Option 2: Revenue deficit
Option 3: Revenue expenditure
Option 4: Revenue receipts.
Correct Answer: Revenue deficit
Solution : A high revenue deficit gives a warning signal to the government to either curtail its expenditure or increases its revenue. Government should take serious steps to reduce its expenditure and to increase its receipt from various sources of tax and nontax revenue.
Hence, Option B is correct.
Question : ___________________ refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Question : The revenue deficit is calculated as ____________ minus revenue receipts.
Question : Fill in the blanks- ____________________= Revenue expenditure - Revenue receipts.
Question : Fill in the blanks- ____________________= Capital expenditure - Capital receipts.
Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
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