Q14 of 25 Page 1

State any two examples of non-tax revenue receipts of the government.

OR


Dividends received from Public Sector Undertakings (PSUs) are a part of the government’s ____________. (Choose the correct alternative)


A. Non-tax Revenue Receipts


B. Tax Receipts


C. Capital Receipts


D. Capital Expenditure


The government budget consists of:


Revenue receipts Consist of:


a. Tax Revenue that includes Direct tax (Income Tax/Corporate Tax etc) and indirect tax (GST/Service tax etc).


b. Non tax revenue that includes Interest/ payments/dividends from PSUs, Fees etc.


OR


Answer


Nontax Revenue Receipts.


Revenue receipts Consist of:


a. Tax Revenue that includes Direct tax ( Income Tax/Corporate Tax etc) and indirect tax (GST/Service tax etc).


b. Non tax revenue that includes Interest/ payments/dividends from PSUs, Fees etc.


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Note: The following question is for the Visually Impaired Candidates only, in lieu of Q. No. 12(b) :

Explain the relation between Average Cost (AC) and Marginal Cost (MC).


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Define ‘‘demand deposits’’.

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State the role played by the central bank as the ‘‘lender of last resort’’.

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Suppose you are a member of the ‘‘Advisory Committee to the Finance Minister of India’’. The Finance Minister is concerned about the rising Revenue Deficit in the budget. Suggest anyone measure control the rising Revenue Deficit of the

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