Question

Which of the following statements about the Indian

Q: Answer-Which of the following statements about the Indian budget is incorrect?

All grants to the states or union territories are treated as revenue expenditure even though a portion of these may be used for creation of capital assets.

budget is incorrect?

A Non-tax receipts of the government mainly consist of interest and dividends on investment in addition to fees and other receipts for services rendered by the government.

B Interest payments on debt is part of the revenue expenditure.

C All grants to the state governments and union territories except for use of creation of capital assets are treated as revenue expenditure.

D All grants to the state governments and union territories except for use of creation of capital assets are treated as revenue expenditure.

E All grants to the state governments and union territories except for use of creation of capital assets are treated as revenue expenditure.

Practice Next

More Financial Management Questions

Which of the following is NOT a core focus area of the "Cities as Growth Hubs" initiative within the 2024-25 Union Budget?
What is the funding limit provided per family per year under the Pradhan Mantri Jan Arogya Yojana (PMJAY)?
What is the primary purpose of the SVAMITVA Scheme?
As per Census 2011, literates constitute __________ of the total population aged seven and above in India.
For FY 2025–26, net tax receipts (BE) of the Central Government have been estimated at—
In the Budget 2022-23, how much has been allocated for promoting scientific organic farming in north-east states?
What is the "Mission LiFE" mentioned during the summit?
Which of the following Schemes have been subsumed under PM VIKAS?
An Inter-Ministerial Empowered Committee (IMEC) is established at the national level to look after the implementation of PM Formalization of Micro Food...
The "Per Drop More Crop" component under PMKSY primarily focuses on:

Which of the following statements about the Indian

Solution