Government Budget and Its Components
Economics ⇒ Government and the Economy
Government Budget and Its Components starts at 11 and continues till grade 12.
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A government’s revenue receipts are Rs. 500 crore and revenue expenditure is Rs. 600 crore. Calculate the revenue deficit.
Define a government budget.
Distinguish between revenue expenditure and capital expenditure.
Explain the concept of 'zero-based budgeting'.
Explain the difference between budget deficit and fiscal deficit.
Explain the difference between direct and indirect taxes with examples.
Explain the term 'balanced budget'.
Explain the term 'budgetary policy'.
Explain the term 'fiscal deficit'.
Explain the term 'monetised deficit'.
List any two objectives of a government budget.
List any two types of government budgets.
State any two sources of capital receipts.
State whether the following is a capital or revenue expenditure: 'Repayment of public debt'.
State whether the following is a plan or non-plan expenditure: 'Interest payments on loans'.
State whether the following is a revenue or capital receipt: 'Recovery of loans'.
What is the primary deficit?
