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.
Communication of the acceptance of an offer is necessary for proceeding towards the formation of a valid contract was held in the case of______
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Effect of fraud or mistake has been prescribed in Section_______ of the Limitation Act, 1963.
The Central Government can give directions to LIC in matters involving:Â
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Statement ...
Under the 1946 Act, the DSPE initially investigated:Â
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