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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.
Sohan invested Rs. P in Scheme X at 20% per annum under simple interest for 3 years and Rs. Q in Scheme Y at 12% per annum under compound interest for 2...
Naina lent Rs. 10,000 to Mohini for 4 years and Rs. 15,000 to Mitali for 6 years on simple interest at the same rate of interest and received Rs. 2,600 ...
The interest received by investing Rs. 2800 for 2 years at compound interest of 20% p.a., compounded annually, was re-invested for 3 years at simple int...
A farmer wants to divide Rs 2,81,800 between his sons , who are 17 and 19 years old respectively, in such a way that the sum divided at the rate of 12% ...
A person invested a total of Rs. 50,000 in two different schemes. One scheme offers simple interest of 8% p.a., and the other sch...
The compound interest (compounded annually) on Rs 8200 for 2 years at R% p.a is Rs 1722. Had the rate of interest been (R+10)% p.a what would have been ...
A sum of Rs. 3700 is invested at simple interest for 2 years. If the rate interest for first year is 12% p.a. while 20% p.a. for second year, then find ...
A sum of Rs. 3000 is invested at simple interest for 2 years. If the rate interest for first year is 10% p.a. while 18% p.a. for second year, then find ...
Simica invested a certain amount of money at a simple interest rate of 12.5% per annum and earned Rs. 2,400 as interest over 3 years. If Tabu invested t...
What principal amount, when invested at an annual simple interest rate of 3.6% for 15 years, will generate an interest of Rs. 4,050?