Class 12 Exam > Class 12 Questions > Assertion (A): Revenue budget of Government r...
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Assertion (A): Revenue budget of Government represents non-debt creating incomes.
Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.
Alternatives
Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.
Alternatives
- a)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).
- b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).
- c)Assertion (A) is correct, but Reason (R) is incorrect.
- d)Both Assertion (A) and Reason (R) are incorrect.
Correct answer is option 'B'. Can you explain this answer?
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Assertion (A): Revenue budget of Government represents non-debt creati...
Assertion (A) and Reason (R) are related to the revenue budget of the government. Let's understand each statement in detail:
Assertion (A): Revenue budget of Government represents non-debt creating incomes.
This statement is correct. The revenue budget of the government represents non-debt creating incomes, which means that it shows the government's earnings from various sources such as taxes, duties, fees, etc. This budget is prepared in such a way that the government's total expenditure does not exceed its total revenue. In other words, the revenue budget is balanced, and it does not involve any borrowing.
Reason (R): Government budget is majorly comprised of receipts and expenditures on various accounts.
This statement is also correct. The government budget is a comprehensive statement of the government's financial transactions. It includes both revenue and capital receipts and expenditures. The revenue receipts are the government's non-debt creating incomes, while capital receipts are the government's borrowings. Similarly, revenue expenditures are the government's day-to-day expenses, while capital expenditures are investments made by the government.
Now, let's see how Assertion (A) and Reason (R) are related.
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).
While Reason (R) correctly states that the government budget is comprised of receipts and expenditures, it does not explain why the revenue budget represents non-debt creating incomes. Assertion (A) explains this fact by stating that the revenue budget is prepared in such a way that it does not involve any borrowing. Therefore, both statements are correct, but Reason (R) does not provide the correct explanation for Assertion (A).
Hence, option (B) is the correct answer.
Assertion (A): Revenue budget of Government represents non-debt creating incomes.
This statement is correct. The revenue budget of the government represents non-debt creating incomes, which means that it shows the government's earnings from various sources such as taxes, duties, fees, etc. This budget is prepared in such a way that the government's total expenditure does not exceed its total revenue. In other words, the revenue budget is balanced, and it does not involve any borrowing.
Reason (R): Government budget is majorly comprised of receipts and expenditures on various accounts.
This statement is also correct. The government budget is a comprehensive statement of the government's financial transactions. It includes both revenue and capital receipts and expenditures. The revenue receipts are the government's non-debt creating incomes, while capital receipts are the government's borrowings. Similarly, revenue expenditures are the government's day-to-day expenses, while capital expenditures are investments made by the government.
Now, let's see how Assertion (A) and Reason (R) are related.
Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).
While Reason (R) correctly states that the government budget is comprised of receipts and expenditures, it does not explain why the revenue budget represents non-debt creating incomes. Assertion (A) explains this fact by stating that the revenue budget is prepared in such a way that it does not involve any borrowing. Therefore, both statements are correct, but Reason (R) does not provide the correct explanation for Assertion (A).
Hence, option (B) is the correct answer.
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Assertion (A): Revenue budget of Government represents non-debt creati...
Government budget has two components revenue budget and capital budget. Revenue components includes those incomes which do not impact assets.
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Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer?
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Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer?.
Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer?.
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ample number of questions to practice Assertion (A): Revenue budget of Government represents non-debt creating incomes.Reason (R): Government budget is majorly comprised of receipts and expenditures on various account.Alternativesa)Both Assertion (A)and Reason (R)are correct and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are correct, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is correct, but Reason (R) is incorrect.d)Both Assertion (A) and Reason (R) are incorrect.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Class 12 tests.
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