4 Views

Question : Match List I with List II and choose your answer from the code below:

List I List II
i. Service tax a. Capital receipt
ii. Interest receipts  b. Revenue expenditure
iii. Sale of shares of PSUs  c. Non-tax revenue
iv. Salaries and pension  d. Tax revenue



 

Option 1: i-d, ii-c, iii-b, iv-a

Option 2: i-c, ii-b, iii-a, iv-d

Option 3: i-d, ii-c, iii-a, iv-b

Option 4: i-d, ii-a, iii-c, iv-b


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 18th Jan, 2024

Correct Answer: i-d, ii-c, iii-a, iv-b


Solution : The correct option is i-d, ii-c, iii-a, iv-b .

A service tax is a form of taxation levied on services provided by service providers. It falls under tax revenue, contributing to government income. Interest receipts include earnings from investments, loans, or other financial assets. They constitute non-tax revenue for the government. The sale of shares in public sector undertakings (PSUs) generates capital receipts as it involves the government's disinvestment in state-owned enterprises. Salaries and pensions constitute revenue expenditures for the government, as they are recurring costs associated with the workforce and retirees.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

Question : Match correctly the following deserts and their location by choosing the correct response:

32 Views
TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books