Question
Which of the following statements is/are correct in regards to Revenue budget?
- It consists of all capital receipts and expenditure such as domestic and foreign loans, loan repayment, foreign and etc
- It consists of all current receipts, such as taxation, dividends of public sector units (PSU’s) and expenditure of the government
Answer: Option C
Answer: (c)Revenue budget contains information about taxation such as central excise, custom duty, corporation tax etc
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Answer: (c)Revenue budget contains information about taxation such as central excise, custom duty, corporation tax etc
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