Match each receipt with its type.

Match each receipt with its type. — CUET Economics practice

Question 13

MediumOriginal question

Match each receipt with its type.

List I	List II
A. GST collected	I. Revenue: non-tax
B. Dividends from a public sector company	II. Capital: disinvestment
C. Money raised by selling government bonds	III. Revenue: tax
D. Sale of shares of a public sector company	IV. Capital: borrowing

A-III, B-I, C-IV, D-IICorrect answerYour answerA-III, B-IV, C-II, D-ICorrect answerYour answerA-IV, B-III, C-I, D-IICorrect answerYour answerA-II, B-I, C-IV, D-IIICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

Taxes and dividends are revenue receipts; bonds create debt and share sales reduce assets, so both are capital receipts.

Concept: Classifying receipts
Typical timeTypical: 90 s
Your timeYours: —

The rule this testsRevenue receipts: tax and non-tax

Practise this chapter →

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Practise this chapter →

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Question 13

Explanation