NextQ21
With valid reasons, classify the following into Capital receipts or Revenue receipts of the government : (i) Dividend received by the government from a Maharatan company. (ii) Receipts of the government from sale of shares of a Public Sector Undertaking (PSU) in open market. (iii) Debt cleared by Sri Lanka Government to the Indian Government. (i) 'Government Budget can be a useful instrument in reducing inequalities in the distribution of income and wealth in an economy.' Do you agree with the given statement ? Present valid arguments in favour of your answer. (ii) State the meaning and formula of Fiscal deficit.
Question 20
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