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Which of the following constitute a part of the Revenue Receipts of the Government of India?
Interest receipts on loans by the government
Dividends earned by the government on investments
Receipts through PSU disinvestments
Cash grants-in-aid from foreign countries
Select the correct answer using the code given below.
- a)1, 2 and 3 only
- b)3 and 4 only
- c)1, 2 and 4 only
- d)1, 2, 3 and 4
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Which of the following constitute a part of the Revenue Receipts of t...
- Government receipts are divided into two groups —Revenue Receipts and Capital Receipts.
- Revenue receipts are divided into tax and non-tax revenues. Tax revenues consist of the proceeds of taxes and other duties levied by the central government. Tax revenues, an important component of revenue receipts, comprise of direct taxes - which fall directly on individuals (personal income tax) and firms (corporation tax), and indirect taxes like excise taxes (duties levied on goods produced within the country), customs duties (taxes imposed on goods imported into and exported out of India) and service tax.
- Non-tax revenue of the central government mainly consists of
- interest receipts (on account of loans by the central government which constitutes the single largest item of non-tax revenue),
- dividends and profits on investments made by the government, fees and other receipts for services rendered by the government.
- Cash grants-in-aid from foreign countries and international organizations are also included.
- The recoveries are in respect of loans advanced to the State Government andUnion Territories with legislature
- Receipts on account of disinvestment of part of government equity in central Public sector Enterprises ( CPSEs), proceeds from strategic disinvestment and other such transactions. Hence only option 3 is not correct.
- Its market loans under the Scheme of Sale of Dated Government Securities and Treasury bills
- Securities against Small SavingsBorrowing from International institutions like IMF, WB etc.
Most Upvoted Answer
Which of the following constitute a part of the Revenue Receipts of t...
Revenue Receipts of the Government of India
The revenue receipts of the Government of India are the income earned by the government through its various sources. Some of the important revenue receipts are:
1. Interest receipts on loans by the government
2. Dividends earned by the government on investments
3. Receipts through PSU disinvestments
4. Cash grants-in-aid from foreign countries
Answer
The correct answer is option C, i.e., 1, 2, and 4 only. PSU disinvestment is not a revenue receipt, but a capital receipt. The revenue receipts of the government are used to meet its day-to-day expenses, such as salaries, pensions, subsidies, etc. The capital receipts, on the other hand, are used to finance the long-term development projects of the government, such as building infrastructure, setting up new industries, etc.
The revenue receipts of the Government of India are the income earned by the government through its various sources. Some of the important revenue receipts are:
1. Interest receipts on loans by the government
2. Dividends earned by the government on investments
3. Receipts through PSU disinvestments
4. Cash grants-in-aid from foreign countries
Answer
The correct answer is option C, i.e., 1, 2, and 4 only. PSU disinvestment is not a revenue receipt, but a capital receipt. The revenue receipts of the government are used to meet its day-to-day expenses, such as salaries, pensions, subsidies, etc. The capital receipts, on the other hand, are used to finance the long-term development projects of the government, such as building infrastructure, setting up new industries, etc.
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Which of the following constitute a part of the Revenue Receipts of the Government of India? Interest receipts on loans by the government Dividends earned by the government on investments Receipts through PSU disinvestments Cash grants-in-aid from foreign countries Select the correct answer using the code given below.a)1, 2 and 3 onlyb)3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer?
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Which of the following constitute a part of the Revenue Receipts of the Government of India? Interest receipts on loans by the government Dividends earned by the government on investments Receipts through PSU disinvestments Cash grants-in-aid from foreign countries Select the correct answer using the code given below.a)1, 2 and 3 onlyb)3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following constitute a part of the Revenue Receipts of the Government of India? Interest receipts on loans by the government Dividends earned by the government on investments Receipts through PSU disinvestments Cash grants-in-aid from foreign countries Select the correct answer using the code given below.a)1, 2 and 3 onlyb)3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following constitute a part of the Revenue Receipts of the Government of India? Interest receipts on loans by the government Dividends earned by the government on investments Receipts through PSU disinvestments Cash grants-in-aid from foreign countries Select the correct answer using the code given below.a)1, 2 and 3 onlyb)3 and 4 onlyc)1, 2 and 4 onlyd)1, 2, 3 and 4Correct answer is option 'C'. Can you explain this answer?.
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