Question : _________________ refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Correct Answer: Revenue receipts
Solution : Revenue receipts refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.
Hence, Option C is correct.
Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
Question : ___________________________ refers to those expenditure which neither creates any assets nor causes reduction in any liabilities of the government.
Question : ___________________ refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Question : Salaries, pension, interest, etc are the examples of _____________.
Question : Revenue budget includes
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