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The budget is a statement of the estimated receipts and expenditure of the Government of India in a financial year. In addition to the estimates of receipts and expenditure, the budget contains certain other elements. Part B of the Budget Speech contains details of economic and financial policy of the coming year, that is, taxation proposals, prospects of revenue, spending programme and introduction of new schemes/projects. Hence Statement 1 is correct. Revenue Receipts are receipts which do not have a direct impact on the assets and liabilities of the government. It consists of the money earned by the government through tax (such as excise duty, income tax) and non-tax sources (such as dividend income, profits, interest receipts). Hence Statement 2 is correct.
129, 160, 224, ?, 459, 634
If (3/7) of 'x' is greater than (2/11) of 'x' by 38, then determine the value of 'x'.
An item is marked at Rs. 12,500. If it is sold for Rs. 8,500, Determine the % of discount given?
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If sinθ = 3/5 and θ is an acute angle, find cos θ.