Class 12 Exam > Class 12 Questions > _______ deficit includes interest payment by ...
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_______ deficit includes interest payment by the government on the past loans.
- a)Revenue
- b)Capital
- c)Both (a)and (b)
- d)Neither(a) nor(b)
Correct answer is option 'A'. Can you explain this answer?
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_______ deficit includes interest payment by the government on the pas...
Revenue Deficit in Detail
Revenue Deficit is a situation where the total revenue receipts of the government are less than its revenue expenditure. The revenue receipts are the receipts that the government earns from taxes, duties, fines, fees, and other sources of revenue.
On the other hand, revenue expenditure includes the expenditures incurred by the government on salaries, subsidies, pensions, interest payments, and other regular expenses.
The interest payment on past loans is a crucial component of revenue expenditure. It is the interest that the government pays on the loans it has borrowed in the past.
Therefore, the correct option is (a) Revenue, as the interest payment on past loans is a part of the government's revenue expenditure, which results in a revenue deficit.
Revenue Deficit is a situation where the total revenue receipts of the government are less than its revenue expenditure. The revenue receipts are the receipts that the government earns from taxes, duties, fines, fees, and other sources of revenue.
On the other hand, revenue expenditure includes the expenditures incurred by the government on salaries, subsidies, pensions, interest payments, and other regular expenses.
The interest payment on past loans is a crucial component of revenue expenditure. It is the interest that the government pays on the loans it has borrowed in the past.
Therefore, the correct option is (a) Revenue, as the interest payment on past loans is a part of the government's revenue expenditure, which results in a revenue deficit.
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_______ deficit includes interest payment by the government on the pas...
It is an example of revenue deficit as it do not reduce liabilities.
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_______ deficit includes interest payment by the government on the past loans.a)Revenueb)Capitalc)Both (a)and (b)d)Neither(a) nor(b)Correct answer is option 'A'. Can you explain this answer?
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