Practicing Success

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 Receipt I.Increase in Liability
B. Capital Receipt II.Do not increase in Asset
C. Revenue Expenditure III.Increase in Asset
D. Capital Expenditure IV. Do not increase Liability

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is option (2) : A-IV, B-I, C-II, D-III

List I List II
A. Revenue Receipt IV. Do not increase Liability
B. Capital Receipt I.Increase in Liability
C. Revenue Expenditure II.Do not increase in Asset
D. Capital Expenditure III.Increase in Asset