Question
Consider the following statements and choose the option
with correct Statements. I- The Union government's non-debt receipts comprise revenue receipts (tax and non-tax) and non-debt capital receipts. II- Union Government’s revenue receipts are always less than capital receipts. III- The shortfall in the non-debt receipts to meet the expenditure requirement is met by borrowings of the government (called fiscal deficit).Solution
Explanation: The Union government's non-debt receipts comprise revenue receipts (tax and non-tax) and non-debt capital receipts. The shortfall in the non-debt receipts to meet the expenditure requirement is met by borrowings of the government (called fiscal deficit). This section evaluates the performance of the Receipts side of the Union Government's finances.
Which of the following ratios measures the banking sector’s ability to absorb shocks arising from financial and economic stress?
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The primary function of Audit is:
(i) to verify the accuracy and completeness of accounts.
(ii) to secure that all revenue and receipts co...
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An annuity that starts at a predetermined date in the future is called as:
An interface that communicates with other tiers in a three-tier architecture structure is known as ________.
Which GFR (2017) rule is applicable for GeM?
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In relation to Accounting Standards, Which of the following statement is incorrect?
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