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Question
Define 'or' explain the following concept.
Fixed capital
Short Note
Solution
Fixed capital refers to any kind of physical capital. i.e. fixed assets. It stays in business almost permanently i.e. for more than one accounting year. It is not used up in production of product but invested in fixed assets such as land, building, equipment, etc. Fixed capital fund can come from selling shares, debentures, long term loans, bonds, etc.
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Public Economics - Budget (1 Year)(1 April to 31 March)
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RELATED QUESTIONS
Match the following groups:
| Group A | Group B | ||
| 1. | Deficit budget | a. | Tax revenue |
| 2. | Government budget | b. | Capital receipts |
| 3. | Fees, license fee | c. | Irrigation |
| 4. | Borrowings | d. | Non-tax revenue |
| 5. | Plan expenditure | e. | One year |
| f. | Government expenditure > Government revenue | ||
| g. |
Two years |
||
State whether the following statement is true or false.
The budget is a monthly statement.
Define or Explain.
Budget
