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प्रश्न
Explain the major components of government budget.
Explain briefly various components of the budget.
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उत्तर
1. Revenue budget: This includes revenue receipts and revenue expenditure.
- Revenue receipts: These are the regular earnings of the government that do not create any liability or reduce any asset. They are of two types:
- Tax revenue: Income from taxes like income tax, GST, customs, etc.
- Non-Tax revenue: Interest, dividends from public sector units, fines, fees, etc.
- Revenue expenditure: These are expenses for the day-to-day functioning of the government, which do not create assets.
Examples: Salaries, pensions, interest payments, subsidies, defense expenses, etc.
2. Capital budget: This includes capital receipts and capital expenditure.
- Capital receipts: Receipts that either create a liability (e.g., borrowing) or reduce an asset (e.g., disinvestment).
Examples: Borrowings, loan recoveries, sale of public assets. - Capital expenditure: Spending on creation of assets or reduction of liabilities. Examples: Infrastructure development (roads, bridges), loans to states, repayment of borrowings.
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संबंधित प्रश्न
Distinguish between Surplus budget and Deficit budget.
Give reasons or explain the following statement:
For the period of inflation surplus budget is prepared.
Fill in the blank with appropriate alternatives given below
When Government revenue exceeds, government expenditure it is known as __________ budget.
Fill in the blank with appropriate alternatives given below
During depression, __________ budget is preferable.
Distinguish between:
Deficit budget and balanced budget
State with reason whether you agree or disagree with the following statement.
During the period of inflation, Surplus Budget is advisable.
Define "Trade surplus" and "Trade Deficit".
Which of the following points relates to surplus budget?
identify the right group of pairs from the given options.
| i) Direct tax | a) Non-tax revenue |
| ii) Indirect tax | b) Inflation |
| iii) Fees and Fines | c) GST |
| iv) Surplus budget | d) Personal income tax |
A Deficit Budget is one in which:
A Balanced Budget is typically used in which situation?
The distinction between an Ordinary Budget and an Emergency Budget is based on:
The classification of budgets into Development Budget and Non-Development Budget is based on:
From which Union Budget was the Plan/Non-Plan classification discontinued?
A Deficit Budget is described as a key instrument of:
Which of the following correctly matches the budget type with its use?
