Question : Which of the following is not a capital expenditure for the central government?

Option 1: Loan to state government

Option 2: Improvement of fixed assets

Option 3: Salaries and old-age pensions

Option 4: Construction of roads and bridges

Question : Identify the incorrect equation.

Option 1: Revenue receipts = Tax revenue (net of State's share) less non-tax revenue

Option 2: Gross fiscal deficit = Total expenditure - (Revenue receipts + Non-debt creating capital receipts)

Option 3: Gross primary deficit = Gross fiscal deficit - Net interest liabilities

Option 4: Revenue deficit = Revenue expenditure - revenue receipts

Question : Which part of the Indian constitution deals with Union Territories?

Option 1: Part VI

Option 2: Part VII

Option 3: Part VIII

Option 4: Part IX

Question : Revenue expenditure minus revenue receipts is____________.

Option 1: revenue deficit

Option 2: budget deficit

Option 3: always negative

Option 4: always positive

Question : The dividends received by the government from Public Sector Undertakings (PSUs) are ________.

Option 1: capital expenditure

Option 2: capital receipts

Option 3: non-tax revenue receipts

Option 4: tax revenue receipts