The receipts which neither create any liability nor lead to any reduction in asset are called _________.

In India, the Constitution requires the Central Government to prepare 'Annual Financial Statement', i.e. government budget for the country as a whole. In India, ________ department of government prepares annual budget statement.

1. RBI.
2. income tax.
3. accounts.
4. finance.

________ is equal to fiscal deficit less interest payment.

Fill in the blank with the correct formula.
Fiscal deficit can be estimated using the formula ________.

Recovery of loans, borrowing and disinvestment etc. are the example of _______ receipts.

Fiscal deficit is always equal to_________.

A deficit budget in one where the estimate revenue is ______ than the estimated expenditure.

Value added tax is an example ______ of tax.