The budget broadly comprises:
(i) revenue budget, and
(li) capital budget. Which of the
following item or items is/are not covered under the revenue budget?
I. Different proceeds of taxes and other duties levied by the government
II. Interest and dividend on investments made by the government
III. Expenditure on running the government and various services
IV. Market loans raised by the government

Related MCQs

• Which of the following statements about indirect taxes in India is/are true? 1. Yield from indirect taxes is much more than that from direct taxes 2. Indirect taxes have grown faster than direct taxes since independence 3. Indirect taxes are ultimately paid for by persons who do not actually pay the taxes to the Government 4. Increase in indirect taxes is a welcome feature in a developing country
• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• The annual financial statement shows the receipts and payments of the government under the 3 parts in which government accounts are kept in : 1. Consolidated Fund 2. Contingency Fund 3. Public Account Which of the following items are covered under the Public Account?
• Which of the following expenses do not require the sanction of Parliament? I. Salary and allowances of the President and CAG II. Debt charges of the Government III. Defence expenditure IV. Maintenance expenditure of embassies
• Consider the following statements: [IAS 2004] 1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtriya Krishi Beema Yojna of Life Insurance Corporation of India. 2. The Kisan Credit Card holders are provided personal accident insurance of Rs.50000 for accidental death and Rs. 25000 for permanent disability. Which of the statement given above is/are correct?
• Which of the following taxes is not levied by the Union Government?
• Consider the following statements: In India, stamp duties on financial transactions are: 1. levied and collected by the State Government 2. appropriated by the Union Government Which of the statements is/are correct?
• Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct? [IAS 2010]
• The acronym SRO, being used in the capital market for various market participants, stands for which one of the following? [CDS 2008]
• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?