| List I | List II |
| i. Service tax | a. Capital receipt |
| ii. Interest receipts | b. Revenue expenditure |
| iii. Sale of shares of PSUS | c. Non-tax revenue |
| iv. Salaries and pension | d. Tax revenue |
Match List I with List II and choose your answer from the code below:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. i-d, ii-c, iii-a, iv-b.
- i. Service tax - d. Tax revenue (Service tax is a type of tax collected by the government)
- ii. Interest receipts - c. Non-tax revenue (Interest received by the government on loans is a non-tax source of income)
- iii. Sale of shares of PSUS - a. Capital receipt (Selling assets like shares of Public Sector Undertakings generates capital receipts)
- iv. Salaries and pension - b. Revenue expenditure (These are regular expenses incurred by the government)