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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Revenue deficit includes capital receipts and capital expenditure.
Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.
- a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).
- b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).
- c)Assertion (A) is true but reason (R) is false.
- d)Assertion (A) is false but reason (R) is true.
Correct answer is option 'D'. Can you explain this answer?
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Directions: In the following questions, a statement of assertion (A) ...
Revenue Deficit refers to the excess of total revenue expenditure over total revenue receipts. It means that the government. will not be able to meet its revenue expenditure from its revenue receipts.
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Directions: In the following questions, a statement of assertion (A) ...
Explanation:
Revenue deficit and its components:
Revenue deficit is the excess of revenue expenditure over revenue receipts. It does not include capital receipts and capital expenditure. Let's break down the components of revenue deficit to understand the assertion and reason given in the question.
Revenue Expenditure:
- Revenue expenditure refers to the expenses incurred by the government on its day-to-day functioning and various services.
- Examples of revenue expenditure include salaries, pensions, subsidies, interest payments, etc.
Revenue Receipts:
- Revenue receipts are the income earned by the government through taxes, fees, fines, etc.
- Examples of revenue receipts include income tax, sales tax, excise duty, etc.
Capital Expenditure:
- Capital expenditure relates to the expenses incurred by the government on acquiring assets or investments.
- Examples of capital expenditure include building roads, bridges, dams, etc.
Capital Receipts:
- Capital receipts are the funds received by the government from the sale of assets, borrowing, etc.
- Examples of capital receipts include loans, disinvestment proceeds, etc.
Assertion (A) and Reason (R) analysis:
- Assertion (A) states that revenue deficit includes capital receipts and capital expenditure, which is incorrect.
- Reason (R) correctly points out that revenue deficit is related to revenue expenditure and revenue receipts of the government.
Conclusion:
The correct answer is option 'D' - Assertion (A) is false, but reason (R) is true. Revenue deficit is indeed linked to revenue expenditure and revenue receipts, not capital receipts and capital expenditure.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer?
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer?.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Revenue deficit includes capital receipts and capital expenditure.Reason (R): Revenue deficit is related to revenue expenditure and revenue receipts of the government.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
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