Related InterviewSolutions

• Identify which of the following statements is true ?A. Fiscal deficit is difference between planned revenue expenditure and planned revenue receiptsB. Fiscal deficit is difference between total planned expenditure and total planned receiptsC. Primary deficit is the difference between total planned receipt and interest paymentsD. Fiscal deficit is the sum of primary deficit and interest payment
• Which one of these is a revenue expenditure ?A. Purchase of sharesB. Loans advancedC. SubsidiesD. Expenditure on acquistion of land
• `"_________"` (choose the correct alternative) is a revenue receipt of the governmentA. Funds raised by the government by issuing National Saving CertificatesB. Sale of `40 %` shares of a public sector undertaking to a private enterpriseC. Profits of LIC , a public enterpriseD. Amount borrowed from Japan for construction of Bullet Train
• Fees of the government college is a revenue receipt because :A. It creates liability of the governmentB. It neither creates any liability nor reduces any asset of the government.C. It neither creates any asset nor reduces any liability of the government .D. It increases asset of the government .
• Which of the following is a source of capital receipt ?A. Foreign DonationsB. DividendsC. DisinvestmentD. Indirect Taxes
• Which of the following statements is true ?A. Fiscal deficit is the difference between total expenditure and total receipts .B. Primary deficit is the difference between total receipt and interest payments .C. Fiscal deficit is the sum of primary deficit and interest payment.
• Borrowings is a capital receipt because.A. It creates a liabilityB. It creates an assetC. It reduces a liabilityD. All of the above
• Primary Deficit is borrowing requirements of government for making `"___________"` : (Choose the correct alternative )A. Interest paymentsB. Other than interest paymentsC. All types of paymentsD. some specific payments
• Which of the following statement is not true for fiscal deficit ? A fiscal deficit :A. represents the borrowing of the government .B. is the difference between total expenditure and total receipts of the governmentC. is the difference between total expenditure and total receipts other than borrowing.D. increases the future liability of the government.
• Which of the following is not a revenue receipt ?A. Recovery of loansB. Foreign grantsC. Profits of public enterprisesD. Corporate Tax