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- 1. Multiple Choice
Subsidies on fertilizers is a
capital receipt
revenue receipt
capital expenditure
revenue expenditure
- 2. Multiple Choice
the component of budget that creates an asset of the government is
revenue receipt
revenue expenditure
capital receipt
capital expenditure
- 3. Multiple Choice
Interest paid on foreign loan is a capital expenditure.
true
false
- 4. Multiple Choice
GST received by the government is a
revenue receipt
capital receipt
an indirect tax
both 1 and 3
- 5. Multiple Choice
corporate tax is a direct tax.
true
false
- 6. Multiple Choice
escheats are
revenue receipts
capital receipts
revenue expenditure
capital expenditure
- 7. Multiple Choice
it neither creates an asset nor reduces liability
revenue expenditure
capital expenditure
revenue receipt
capital receipt
- 8. Multiple Choice
expenditure on the vaccination of people for Covid 19 is
revenue expenditure
capital expenditure
both 1 and 2
none
- 9. Multiple Choice
repayment of loan to the US government is
revenue receipt
capital receipt
revenue expenditure
capital expenditure
- 10. Multiple Choice
the incidence of this tax cannot be shifted
direct
indirect
- 11. Multiple Choice
Disinvestment is a component of capital expenditure
true
false
- 12. Multiple Choice
Financial Aid from abroad is a revenue receipt.
true
false
- 13. Multiple Choice
Pick the odd one out
VAT
Excise duty
Wealth tax
sales tax
- 14. Multiple Choice
pick the odd one out
income tax
profit tax
import duty
gift tax
- 15. Multiple Choice
pick the odd one out
interest received on government lending
profits of PSUs
receipts from sale of Air India
special assessment
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