In an annual financial statement, the government receipts are divided into revenue and capital receipts. Which of the following are revenue receipts?

Code:

2 and 3 only

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2, 3 and 4 only

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1 and 3 only

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1, 2 and 3 only

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Solution

The correct option is D
1, 2 and 3 only

(Source:NCERT) The borrowing come under capital receipts and hence option 4 is incorrect. All other options are correct.

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Similar questions

Categorise the following government receipts into revenue and capital receipts. Give reasons for your answer.

(i) Receipt from sale of shares of a public sector undertaking.

(ii) Borrowing from public.

(iii) Profit of public sector undertakings.

(iv) Income tax received by government.

	2019 - 20 (Actual)	2019 - 20 (Actual)
1. Tax Revenue 2. Non-tax Revenue 3. Total Revenue Receipts 4. Recovery of Loans 5. Other Receipts 6. Borrowings and other Receipts 7. Capital Receipt 8. Total Receipts (3+7)	23,45,867 2,45,655 25,91,522 24,35,687 2,35,976 3,25,675 29,97,338 55,88,860	26,35,974 2,43,658 28,79,632 28,45,879 2,43,034 3,67,875 34,90,550 63,70,182

Which among the following statement(s) is/ are correct?

Codes :

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