ARevenue receipt, as it is a current income for the state.
BCapital expenditure, as it is used for infrastructure development.
CRevenue expenditure, as it is a recurring cost for the state.
DCapital receipt, as it increases the state's liability.
Related Questions:
Consider the following statements regarding the ‘Progressive taxation’:
I.Progressive taxation method has increasing rates of tax for increasing value or volume on which the tax is being imposed.
II.Progressive taxation method has increasing rates of tax for decreasing value or volume on which the tax is being imposed.
III. The idea of Progressive taxation is less tax on the people who earn less and higher tax on the people who earn more.
Which of the following statement(s) is/are correct?
Consider the following statements regarding the ‘Regressive taxation’:
I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.
II.For regressive taxation are not any permanent or specific sectors for such taxes.
III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.
Which of the following statement(s) is/are correct?
