Which one of the following is not included in the revenue account of the Union Budget ?

Correct Answer: D. Small Savings

Explanation: Revenue receipts (27.30 lakh crores) - Those receipts from which neither liabilities are created nor assets reduced. Components: Net Tax Revenue + Non-Tax Revenue (Interest Receipts, Dividends of PSUs,User Charges, Grants -in-aid Non-Tax Revenue of UTs) Revenue expenditure (35 lakh crores)- Those expenditures which neither reduce liabilities nor create assets. Components: Interest Payments Subsidies,Salaries, and Pensions; Grants to States for Creation of Capital Assets,Defence Expenditure for maintenance; Capital receipts (17.20 lakh crores) - Those receipts which either create liability or reduce assets. Components: Debt Receipts (Borrowings) +Non-Debt Receipts (Disinvestment,Monetization of Receipts, Recoveries of loans and advances) Capital expenditure (9.5 lakh crores)- Those expenditures that create assets or reduce liability. PYQ’s Solution English 18 Components: Creation of New assets,Loans to the states/UTs, etc.