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प्रश्न
How are revenue receipts different from capital receipts in a budget? Give one example of each receipt.
उत्तर
| Revenue Receipts | Capital Receipts | |
| 1. | Revenue receipts are those receipts made by the government that do not incur any debt or reduce the government's assets. | Capital revenues are receipts that either increase liabilities or reduce the government's assets. |
| 2. | The government is under no obligation to refund the money. | The government is obligated to return the money plus interest. |
| 3. | It is a recurring in nature. | It is non-recurring in nature. |
| 4. | For example, income tax, GST (Goods and Services Tax), and so on. | For example, borrowing from the public, receipts from the sale of shares in a public sector company, and so on. |
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संबंधित प्रश्न
Give reasons or Explain the following statements. (Any Three)
During the [eriod of depression deficit budgets is used.
Define or explain the concept of Deficit budget .
Define or Explain.
Plan expenditure
Define or Explain.
Recovery of Debt
Distinguish between:
Revenue budget and capital budget
Write short note on:
Revenue receipts
Answer the following question
What are the main components of budget?
State with reason whether you agree or disagree with the following statement.
Capital budget consists of revenue receipts and revenue expenditure.
Which of the following is a non-tax revenue?
One of the two components of government budget is ______.
One of the two components of the Revenue budget is ______.
|
2019-2020 वास्तविक Actuals |
||
| 1. | Revenue Receipts | 1684059 |
| 2. Tax Revenue (Net Tax Revenue) | 1356902 | |
| 3. Non-Tax Revenue | 327157 | |
| 4. | Capital Receipts | 1002271 |
| 5. Recovery of Loans | 18316 | |
| 6. Others Receipts | 50304 | |
| 7. Borrowings and Other Liabilities | 933651 | |
| 8. | Total Receipts (1 + 4) | 2686330 |
| 9. | Total Expenditure (10 + 13) | 2686330 |
| 10. On Revenue Account | 2350604 | |
The percentage change in the Non-Tax Revenue, between 2019-20 (Actual) and 2020- 21(Budgeted Estimate), taking 2019-20 as base, would be ____________.
|
2019-2020 वास्तविक Actuals |
||
| 1. | Revenue Receipts | 1684059 |
| 2. Tax Revenue (Net Tax Revenue) | 1356902 | |
| 3. Non-Tax Revenue | 327157 | |
| 4. | Capital Receipts | 1002271 |
| 5. Recovery of Loans | 18316 | |
| 6. Others Receipts | 50304 | |
| 7. Borrowings and Other Liabilities | 933651 | |
| 8. | Total Receipts (1 + 4) | 2686330 |
| 9. | Total Expenditure (10 + 13) | 2686330 |
| 10. On Revenue Account | 2350604 | |
Identify which of the following is not an example of tax revenue for the government:
______ deals with how consumers or the producers make decisions depending on their given budget.
Which is a component of the Budget?
Read the below case and answer the questions that follow:
The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan. Union Finance Minister, Nirmala Sitharaman, allocated ₹3,100 crores for the ministry out of which ₹460 crores were allotted to control pollution, which is the same as the money it received in the last budget. Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP). Similarly, the budget for pollution abatement, which was cut by 50 percent last year from 2018-to 19, remained unchanged at ₹10 crores. The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.
- Budget 2020: Allocation for Environment Ministry up 5% to ₹3,100 crore - Business Standards, 1st February 2020
What type of externality will the increase in budget allocation create?
Revenue receipts in the government's budget:
