Match List I with List II LIST

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Receipts and Expenditure of the Central Government, 2020-21

	(As per cent of GDP)
1. Revenue Receipts (a+b) (a) Tax revenue (net of states share) (b) Non-tax revenue	9.0 7.3 1.7
2. Revenue Expenditure of which (a) Interest payments (b) Major Subsidies (c) Defence expenditure	11.7 3.1 1.0 0.9
3. Revenue Deficit (2-1)	2.7
4. Capital Receipts (a+b+c) (a) Recovery of loans (b) Other receipts (mainly PSU disinvestment) (c) Borrowings and other liabilities	4.5 0.1 0.9 3.5
5. Capital Expenditure	1.8
6. Non-debt Receipts [2+5=7(a)+7(b)]	10.0
7. Total Expenditure [2+5=7(a)+7(b)] (a) Plan expenditure (b) Non-plan expenditure	13.5 - -
8. Fiscal deficit [7-1-4(a)-4(b)]	3.5
Primary Deficit [8-2(a)]	0.4

Match List I with List II

LIST I Components Budget	LIST II Characteristics
A. Revenue Expenditure	I. Create financial or physical assets or reduce financial liabilities of government
B. Revenue Receipt	II. Create liability or reduce financial assets of government
C. Capital Receipt	III. Do not lead to a claim on the government
D. Capital Expenditure	IV. Incurred for purpose other than creation of assets for Central government

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (1) → A-IV, B-III, C-II, D-I

LIST I Components Budget	LIST II Characteristics
A. Revenue Expenditure	IV. Incurred for purpose other than creation of assets for Central government
B. Revenue Receipt	III. Do not lead to a claim on the government
C. Capital Receipt	II. Create liability or reduce financial assets of government
D. Capital Expenditure	I. Create financial or physical assets or reduce financial liabilities of government