Question

From the set of terms given in Column-I and Column-II, choose the correct pair:

Column-I	Column-II
(a) Non-tax Revenue	(i) Goods and Services Tax
(b) Indirect Tax	(ii) Free-rider
(c) Capital expenditure	(iii) Borrowings
(d) Private goods	(iv) Rivalrous in nature

Options

• (a) – (i)

• (b) – (ii)

• (c) – (iii)

• (d) – (iv)

Answer 1

(c) – (iii)

Explanation:

Capital expenditure refers to expenses incurred by the government for long-term asset creation, such as infrastructure, which is often financed through borrowings.  Indirect taxes, like GST, are a major revenue source, while private goods are rivalrous in nature.