Tag: government budget and taxation
Questions Related to government budget and taxation
Budget expenditure refers to the estimated expenditure of the government during a given fiscal year.
Which of the following is a component of the capital receipts of the government?
Taxes levied on personal income, profits of the corporate, wealth and property is termed as ________ tax.
Which among the following is a source of non-tax revenue for the government?
____________ refers to all those revenue receipts of the government which are not a part of the tax receipts.
__________ receipts are those monetary receipts which either creates a liability or leads to a reduction in the assets of the government.
The expenditure incurred by the government which is out of the scope of government plans due to calamities is termed as __________.
Expenditure incurred by the government for the provision of essential services like judiciary, defence, and administration is termed as ____________.
_________ expenditure refers to the expenditure incurred by the government on various programmes in the plan.
____________ expenditure is incurred for the smooth functioning of the government departments and its various services.