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Home Questions 4Z6EG5Z4NU
Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:
Which of the following statement/statements are true?
Statement 1: Professional tax is imposed by State Government.
Statement 2: Revenue deficit is that in which revenue receipts are more than revenue expenditure.
Options:
Both the statements are true.
Both the statements are false.
Statement 1 is true and Statement 2 is false
Statement 2 is true and Statement 1 is false
Correct Answer:
Statement 1 is true and Statement 2 is false
Explanation:
Professional tax is imposed by State Government.
Revenue deficit is that in which revenue receipts are LESS than revenue expenditure.

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