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.

Measures of Government DeficitStudy Simplify SpecialPYQ6LQ
Question 20

(a) On the basis of the given information, calculate the values of the following : (i) Fiscal Deficit (ii) Primary Deficit (b) State any two examples of public goods. (c) Distinguish between 'Public Provision' and 'Public Production'.

20/64