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SECTION-C
Q.No. 49-54 are to be answered on the basis of following data:
Q.No. 49-54 are to be answered on the basis of following data:
| S,No. | Items | Budget Expenditure 2020-21 (percentage of GDP) |
|---|---|---|
| (i) | Revenue Receipts | 20.21 |
| (ii) | Gross Tax Receipts | 24.23 |
| (iii) | Net Tax Receipts | 16.36 |
| (iv) | Non - Tax Receipts | 3.85 |
| (v) | Non-debt Capital Receipts | 2.25 |
| (vi) | Non-debt Receipts | 22.46 |
| (vii) | Total Expenditure | 30.42 |
| (viii) | Revenue Expenditure | 26.30 |
| (ix) | Capital Expenditure | 4.12 |
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Question : 54
Total: 60
_______ is / are debt creating capital receipts for the Government.
(Choose the correct alternative):
(Choose the correct alternative):
Solution:
(c) Borrowings from World Bank
Explanation: The government grant loans to state government or union territories recovery of these loans is a debt creating capital receipt as it reduces the assets of the government. Borrowing is a capital receipt as it creates a liability for the government.
Explanation: The government grant loans to state government or union territories recovery of these loans is a debt creating capital receipt as it reduces the assets of the government. Borrowing is a capital receipt as it creates a liability for the government.
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