Question

__________ receipts are those monetary receipts which either creates a liability or leads to a reduction in the assets of the government.

• A. Revenue
• B. Capital
• C. Tax
• D. Non-tax

Answer 1

The correct option is B Capital

Capital receipts are all those money receipts of the government that either creates a liability for the government or reduce an asset of the government. Therefore, capital receipts include small savings, market loans and provident funds.