NextQ58

(i) "The Credit Linked Subsidy Scheme (CLSS) is a key component of the Pradhan Mantri Awas Yojana (PMAY), aimed at providing affordable housing for the Economically Weaker Sections (EWS), Lower-income Groups (LIG), and Middle-income Groups (MIG) in India." Identify and explain the government budget objective highlighted in the above statement. (ii) Differentiate between the two types of tax revenue sources of the government. (i) Medha, an economics student, was studying about the expenditure on defence incurred by the government in the form of acquiring new platforms (jets, submarines etc.), and salaries and pensions of armed forces personnel. She classified both the expenditures as capital expenditure. Do you agree with Medha's views ? Give valid explanation in support of your answer. (ii) If, for an economy, Primary Deficit is Rs. 1,000 crore and interest payments are 20% of total borrowings of the government, then calculate the value of fiscal deficit.

Budget Receipts and ExpenditureStudy Simplify SpecialPYQ4SQ
Question 57

Distinguish between Revenue Expenditure and Capital Expenditure with the help of suitable examples. Using suitable examples, distinguish between Revenue Receipts and Capital Receipts.

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