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One of the other two components of Revenue budget are
  • a)
    Income budget
  • b)
    Budget Expenditure
  • c)
    Revenue expenditure
  • d)
    Investment Expenditure
Correct answer is option 'C'. Can you explain this answer?
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One of the other two components of Revenue budget area)Income budgetb)...
Revenue Budget consists of the revenue receipts of the government (tax revenues and other revenues) and the expenditure met from these revenues.
Revenue receipts are divided into tax and non-tax revenue.
► Tax revenue is the income that is gained by governments through taxation. Taxes such as income tax, corporate tax, custom duties, excise and other duties levied by the government.
Other revenues are receipts of the government mainly consisting of interest and dividend on investments made by the government, and fees and receipts for other services rendered by the government.
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One of the other two components of Revenue budget area)Income budgetb)...
The budget is divided into two parts:The Revenue 
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One of the other two components of Revenue budget area)Income budgetb)...
Revenue Budget consists of the revenue receipts of the government (tax revenues and other revenues) and the expenditure met from these revenues.
Revenue receipts are divided into tax and non-tax revenue.
► Tax revenue is the income that is gained by governments through taxation. Taxes such as income tax, corporate tax, custom duties, excise and other duties levied by the government.
Other revenues are receipts of the government mainly consisting of interest and dividend on investments made by the government, and fees and receipts for other services rendered by the government.
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One of the other two components of Revenue budget area)Income budgetb)Budget Expenditurec)Revenue expenditured)Investment ExpenditureCorrect answer is option 'C'. Can you explain this answer?
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