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Question Practice

What distinguishes the revenue account from the capital account in the government budget?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Government Budget And The Economy
Question Bank

What distinguishes the revenue...

Single Answer MCQ
Q-00089143

What distinguishes the revenue account from the capital account in the government budget?

1

The revenue account deals with past expenses.

2

The capital account focuses solely on debt repayment.

3

The revenue account is for current financial year while capital account relates to assets and liabilities.

4

The capital account includes income taxes only.

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