Download App

Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Why are receipts from taxes categorized as revenue receipts?
✓

Answer

Receipts from taxes are categorised as revenue receipts because they create neither any liability nor cause a reduction in the assets of the government.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer The Following Questions In One Sentence.[1 Marks Each]" from Government Budget and Economy→Government Budget and Economy — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

What are demand deposits?
→
What is revenue deficit in government budget?
→
Will the following items be included or not in National Income of India? Give reason for your answer.

Money received from sale of second hand goods.

OR

Money received by government from sale of a public sector firm to a private owner.

OR

Sale and Purchase of Second hand goods.

→
Categorize the following items into Direct and Indirect Taxes.
Statement-Capital Gains Tax.
→
What is price discrimination?
→
Will a profit maximising firm in a competitive market ever produce a positive level of output in the range where the marginal cost is falling?
→
What is meant by consumer's equilibrium?
→
What is meant by secondary sector?
→
Define average product.
→
Will the following items be included or not in National Income of India? Give reason for your answer.
A worker permanently employed in a factory abroad sends money worth ₹ 50,000 to his family.
→