Q18 of 50 Page 1

What are revenue receipts in a government budget?

Revenue receipts are those receipts in a government budget which neither reduces assets not creates liabilities.


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16

Define flows.

 17

National income is the sum of factor incomes accruing to :

(Choose the correct alternative)


(a) Nationals


(b) Economic territory


(c) Residents


(d) Both residents and non-residents

 19

Primary deficit equals :

(Choose the correct alternative)


(a) Borrowings


(b) Interest payments


(c) Borrowings less interest payments


(d) Borrowings and interest payments both

 20

Foreign exchange transactions which are independent of other transactions in the Balance of Payments Account are called :

(Choose the correct alternative)


(a) Current transactions


(b) Capital transactions


(c) Autonomous transactions


(d) Accommodating transactions