Match List-I with List-II. List-I

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Match List-I with List-II.

List-I	List-II
(A) Revenue Receipts	(I) Disinvestment of PSU
(B) Revenue Expenditure	(II) Tax and Nn-Tax Revenue
(C) Capital Receipt	(III) Creation of Asset
(D) Capital Expenditure	(IV) Payment of salaries of government employees

Choose the correct answer from the options given below :

Options:

(A)-(II), (B)-(IV), (C)-(I), (D)-(II)

(A)-(IV), (B)-(II), (C)-(III), (D)-(I)

(A)-(IV), (B)-(III), (C)-(II), (D)-(I)

(A)-(I), (B)-(IV), (C)-(II), (D)-(III)

Correct Answer:

(A)-(II), (B)-(IV), (C)-(I), (D)-(II)

Explanation:

The correct answer is option (1) : (A)-(II), (B)-(IV), (C)-(I), (D)-(II)

(A) Revenue Receipts - (II) Tax and Non- Tax Revenue

(B) Revenue Expenditure- (IV) Payment of salaries of government employees

(D) Capital Expenditure -(III) Creation of Asset

(A) Revenue Receipts: These include taxes and non-tax revenues received by the government, so it matches with (II) Tax and Non-Tax Revenue.
(B) Revenue Expenditure: This involves regular expenses like payment of salaries, subsidies, etc., so it matches with (IV) Payment of salaries of government employees.
(C) Capital Receipt: This refers to receipts that lead to either a liability or a decrease in other assets, such as disinvestment of PSUs, so it matches with (I) Disinvestment of PSU.
(D) Capital Expenditure: This involves spending on infrastructure or creation of assets, so it matches with (III) Creation of Asset.