Examveda

Which one of the following receipts is of revenue nature?

A. Amount realized from the sale of investments

B. Dividend received on investment

C. Amount borrowed from a bank

D. Compensation received from municipal corporation for the acquisition of land for the construction of road

Answer: Option B


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Consider the following statements. Which of these statements is/are true?

A. Socialism is compatible with democracy and liberty, whereas Communism involves creating an 'equal society' through an authoritarian state

B. Totalitarianism is a form of government which involves complete submission of people to the government. The State recognizes no limits to its authority and strives to control every aspect of public and private life wherever feasible

C. India differed from core socialism as it went for a mixed economy rather than complete government control

D. All of the above statements are true