The correct answer is option (3) : A-III, B-IV, C-II, D-I
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Revenue Receipts (A) → Tax Revenue (III)
- Revenue receipts include tax revenue (like income tax, GST) and non-tax revenue (like fees, fines, and interest earned).
- These are regular income sources for the government and do not create liabilities.
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Capital Expenditure (B) → Expenses on Building and Machinery (IV)
- Capital expenditure refers to spending on long-term assets like infrastructure, buildings, and machinery that increase the productive capacity of the economy.
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Capital Receipts (C) → Disinvestment (II)
- Capital receipts include borrowings, disinvestment (selling government stakes in public enterprises), and loans received.
- These receipts either create a liability (debt) or reduce assets (disinvestment).
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Revenue Expenditure (D) → Expense on Functions of Government (I)
- Revenue expenditure includes day-to-day government expenses such as salaries, pensions, subsidies, and administrative costs.
- These do not create assets or reduce liabilities.
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