Download App

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

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Why is tax not a capital receipt?
✓

Answer

Tax is a revenue receipt and not a capital receipt, because tax as a revenue receipt neither creates a liability nor leads to reduction in assets.

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

How is equilibrium price affected by decrease in demand?
→
Give one reason for a rightward shift in supply curve.
→
Define production function.
→
What change occur in the demand for money at higher rate of interest ?
→
What is the horizontal (X-axis) intercept of budget line?
→
What is meant by fiscal deficit?
→
Define Venture Capital.
→
Categorize the following items into Revenue and Capital Expenditure.
Statement-Subsidies.
→
What effect does an decrease in input price has on the supply of the commodity?
→
Give one reason for a shift in demand curve.
→