Practice Test

Consider the items included in Capital Receipts in the budget
1. Loans raised by the government from the public through the sale of bonds and securities.
2. Borrowings by government from RBI and other financial institutions through the sale of Treasury bills.
3. Loans and aids received from foreign countries and other international Organisations like International Monetary Fund (IMF), World Bank, etc.
4. Receipts from small saving schemes like the National saving scheme, Provident fund, etc.
5. Recoveries of loans granted to state and union territory governments and other parties.
Select the correct answer using the codes given below:

What is/are under the capital account of BoP.?

An Interim Budget is not the same as a 'Vote on Account'.
1. While a 'Vote on Account' deals only with the expenditure side of the government's budget, an Interim Budget is a complete set of accounts, including both expenditure and receipts.
2. A national interim Budget refers to the budget of a government that is going through a transition period whereas a vote-on-account presents an estimate of expenditures to be sanctioned by the exchequer till the Budget is passed
Select the correct answer using the codes given below: