The difference between total expenditure and total receipts is

Related MCQs

• The difference between revenue expenditure and revenue receipts is
• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• Expenditure on defence, interest payments, law and order maintenance and public administration expenses are generally treated as:
• Expenditure incurred by the Government on building durable assets, like highways, multipurpose dams, irrigation projects are in the nature of
• Developmental expenditure refers to
• An Indian farmer produces wheat without incurring cost of inputs all sells for Rs. 1,000 to a miller who grinds wheat into flour and sells for Rs 1,200 to baker. The baker sells bread to consumers for Rs. 1,600. Total added is Rs.
• An Indian farmer produces wheat without incurring cost of inputs alll sells for Rs. 1,000 to a miller who grinds wheat into flour and sells for Rs 1,200 to baker. The baker sells bread to consumers for Rs. 1,600. Total added is Rs.
• In classical theory the equality between saving and investment is brought about by:
• Psychological law of consumption states that the value of MPC is lies between zero and
• Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value