Categorize the following items into Direct and Indirect Taxes.
Statement Corporate tax.

Why are the borrowings by the government treated as capital receipts?

Categorize the following items into Revenue and Capital Expenditure.
Statement- Expenditure on construction of Metro.

Categorize the following items into Revenue and Capital Receipts.
Statement-Grants received from International Monetary Fund.

Why is interest termed as a revenue receipt?

Categorize the following items into Revenue and Capital Expenditure.
Statement-Interest paid on National Debt.

Why is interest on loans received categorised as revenue receipt?

Categorize the following items into Direct and Indirect Taxes.
Statement-Indirect tax.

If you are the Finance minister of India and want to set up the budget, which budget would you like to set in case of deficient demand?

Categorize the following items into Revenue and Capital Expenditure.
Statement-Repayment of Loan taken from the World Bank.

Why are subsidies treated as revenue expenditure?

Categorize the following items into Revenue and Capital Expenditure.
Statement-Salary paid to Army officers.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Grants given by central government to state government.

What is the significance of primary deficit?

Why is repayment of loans a capital expenditure?

Categorize the following items into Direct and Indirect Taxes.
Statement-Custom duty. 

Categorize the following items into Revenue and Capital Receipts.
Statement-Profits of public sector undertakings.

Calculate primary deficit:

S. No.	Items	₹(in crore)
(i)	Fiscal deficit	9,000
(ii)	lnterest payment by government	400

Categorize the following items into Revenue and Capital Expenditure.
Statement-Expenditure incurred on administrative and defence services.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Purchase of Metro coaches from Japan.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Construction of school building.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Payment of salaries to staff of government hospitals.

Categorize the following items into Direct and Indirect Taxes.
Statement-Income tax.

Define a tax.

Categorize the following items into Revenue and Capital Expenditure.
Statement-Loan given to Union Territories.

Categorize the following items into Revenue and Capital Receipts.
Statement-Loan from the Australian government.

Why are receipts from taxes categorised as revenue receipts?

Define deficit budget.

Explain the relation between government deficit and government debt.

When was GST implemented?

Why is tax not a capital receipt?

Name two components (or parts) of a government budget.

Give two examples of capital receipts.

Why is service tax an indirect tax?

State any two sources of non-tax revenue receipts.

Economic growth means increasing per capita income over a period of time. Economic growth objective of the government budget depends on:

1. Profit maximisation.
2. Rate of savings and investment.
3. Fair distribution of income.
4. Removal of poverty.

Give two adverse effects of deficit of budget.

Give two examples of non-tax revenue.

Is the following a revenue receipt or a capital receipt in the context of government budget and why?

1. Tax receipts
2. Disinvestment

Distinguish between direct taxes and indirect taxes. Give an example of each.

Distinguish between revenue receipts and capital receipts. Give an example of each.

Explain the role of government budget in bringing economic stability.

Distinguish between revenue receipts and capital receipts in a government budget. Give example in each case.

Explain the allocation function of a government budget.

Give the meaning of revenue deficit, fiscal deficit and primary deficit.

Give meaning of capital expenditure and revenue expenditure in a government budget and an example of each.

State the basis of classifying government receipts into revenue receipts and capital receipts. Give an example of each.

Explain how can government spending be helpful in removing deficient demand.

Giving reasons, classify the following into revenue receipts and capital receipts:

1. Recovery of loans.
2. Profits of public sector undertakings.
3. Borrowings.

Explain the role of taxation in reducing excess demand.

Is the following revenue expenditure or capital expenditure in the context of government budget? Give reason.

1. Expenditure on collection of taxes.
2. Expenditure on purchasing computers.

Explain the basis of classifying taxes into direct and indirect tax. Give examples.

Explain any one objective of Government Budget.

Distinguish between revenue expenditure and capital expenditure in Government budget. Give an example of each.

Distinguish between revenue deficit and fiscal deficit.

Explain the role of Government budget in allocation of resources.

Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.

How can Government budget be helpful in altering distribution of income in an economy? Explain.

How can a government budget help in reducing inequalities of income? Explain.

Give meanings of capital receipts and revenue receipts with an example of each.

State the basis of classifying government expenditure into revenue and capital expenditure. Give an example of each.

Define multiplier. What is the relation between marginal propensity to consume and multiplier? Calculate the marginal propensity to consume if the value of multiplier is 4.

There has been consistent rise in prices of fruits and vegetables in Delhi for sometimes. Which measures of budget will you support to reduce the prices of these commodities?

What does a zero primary deficit indicates?

How is the GST going to be administered?

Is deficit budget a sign of government inefficiency?

We should try to regulate interest rates prevailing among farmers, weaker sections of society and poor villagers. How can we control it?

Define capital receipts of government. Describe briefly the groups in which these are classified.

Define capital receipts of government. Describe briefly the groups in which these are classified.

How progressive tax structure can help in reducing inequality of income?

It is not only difficult but impossible to tax all those who should be taxed, in India. Why?

Budget deficit creates disequilibrium in every economy, but in developing countries like India, why does government depend on it?

What is disinvestment? Does it refer to revenue receipts or capital receipts of the government? Give an example.

What do you mean by primary deficit? Explain its implications.

Calculate revenue deficit from the following data:

S. No.	Items	₹(in crore)
(i)	Revenue receipts	50,000
(ii)	Revenue expenditure	60,000

A person claims that he should be exempted from tax payment as he does not use any government services in general. Should the person be allowed to do so?

Tax rates on higher income group have been increased. Which economic value does it reflect? Explain.

What is debt trap? Suggest measures to control such situation.

India is suffering from the problem of inequalities in the distribution of income and wealth. How can a budget be used as an instrument?

Explain how surplus budget is a useful measure to control inflation. Is it possible to follow such a policy in India?

What is government budget? Give the meaning of:

1. Revenue deficit.
2. Fiscal deficit.

Explain "primary deficit' in a government budget. What does it indicate?

Does public debt impose a burden? Explain.

Explain the relationship between revenue deficit and fiscal deficit. Can there be fiscal deficit without a revenue deficit?

Explain the two components of government budget.

Explain the impact of non-maintenance of fiscal discipline in an economy.

How will Goods and Services Tax (GST) be a comprehensive indirect tax? Explain.

Is loan granted by the Central Government to a State Government, a revenue expenditure or capital expenditure? Why?

Explain why public goods must be provided by the government?

A government budget shows a primary deficit of ₹ 6,500 crore. The revenue expenditure on interest payment is ₹ 400 crore. How much is the fiscal deficit?

Suggest different ways by which capital budget deficit can be reduced without borrowings.

Why developing countries like India prepare a deficit budget?

Calculate budgetary deficit from the following data:

S. No.	Items	₹(in crore)
(i)	Total expenditure	1,00,000
(ii)	Total receipts	88,000

‘The fiscal deficit gives the borrowing requirement of the government’. Elucidate.

Can there be a fiscal deficit without a revenue deficit?

Classify the following items into revenue expenditure and capital expenditure. Give reason for your answer.

1. Free supply of stationary to the students by the government.
2. Economic assistance given according to Ladli scheme.
3. Expenditure on the construction of computer lab in school by the government.
4. Expenditure on Mid Day Meal given to students by the government.

Should we rely exclusively on direct taxes for mobilizing tax revenue because indirect taxes are inequitable? Comment.

How can surplus budget be used during inflation?

Giving reasons, categories the following into revenue receipts and capital receipts.

1. Dividends on investment made by government.
2. Sale of public sector undertaking.

Revenue deficit is the real deficit and not the fiscal deficit. How?