2 marks, −0.5Indian EconomyIndian public finance and the Union BudgetComposition of central taxes, spending and subsidiesModerateabout 2 min

JNU SSS 2014 Question 61: Indian public finance and the Union Budget

Union Budget of India at a glance (in ₹ crore)	2014–15
1. Tax Revenue (net to centre)	9,86,417
2. Non-tax Revenue	1,80,714
3. Capital Receipts	5,96,083
4. Recoveries of Loans	10,527
5. Other Receipts	56,925
6. Borrowing and other Liabilities	5,28,631
7. Non-plan Expenditure on Revenue Account	11,07,781
8. Of which, Interest Payments	4,27,011
9. Non-plan Expenditure on Capital Account	1,00,111
10. Plan Expenditure on Revenue Account	4,42,273
11. Plan Expenditure on Capital Account	1,13,049
12. Nominal GDP	1,28,39,952
13. Plan Expenditure to GDP Ratio	A
14. Capital Expenditure to GDP Ratio	B
15. Revenue Deficit to GDP Ratio	C
16. Fiscal Deficit to GDP Ratio	D
17. Primary Deficit to GDP Ratio	E

$A$ is equal to

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| Union Budget of India at a glance (in ₹ crore) | 2014–15 | 1. Tax Revenue (net to centre) | 9,86,417 | 2. Non-tax Revenue | 1,80,714 | 3. Capital Receipts | 5,96,083 | 4. Recoveries of Loans | 10,527 | 5. Other Receipts | 56,925 | 6. Borrowing and other Liabilities | 5,28,631 | 7. Non-plan Expenditure on Revenue Account | 11,07,781 | 8. Of which, Interest Payments | 4,27,011 | 9. Non-plan Expenditure on Capital Account | 1,00,111 | 10. Plan Expenditure on Revenue Account | 4,42,273 | 11. Plan Expenditure on Capital Account | 1,13,049 | 12. Nominal GDP | 1,28,39,952 | 13. Plan Expenditure to GDP Ratio | A | 14. Capital Expenditure to GDP Ratio | B | 15. Revenue Deficit to GDP Ratio | C | 16. Fiscal Deficit to GDP Ratio | D | 17. Primary Deficit to GDP Ratio | E | A is equal to (A) 0·88% (B) 3·44% (C) 4·32% (D) None of the above

Indian public finance and the Union Budget has come up 80 times in 6 exams since 2011.

What this question tests

This question is on Composition of central taxes, spending and subsidies, part of Indian public finance and the Union Budget in Indian Economy.

Where the Centre's money comes from and goes.

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