UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

      Which of the following statements is/are correct in regards to Revenue budget?

1. It consists of all capital receipts and expenditure such as domestic and foreign loans loan repayment foreign and etc.

2. It consists of all current receipts such as taxation dividends of public sector units (PSU's) and expenditure of the government

A) 1 only

B)        2 only

C) 1 and 2

D)        Neither 1 nor 2

Correct Answer: B

Solution :

Revenue budget contains information about taxation such as central excise, custom duty, corporation tax etc