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Question

Which of the following includes all the incomes of the government which are available during a given period of time?


  1. Public income

  2. Public revenue

  3. Public receipts

  4. Public resources


Solution

The correct option is C

Public receipts


Public receipts include all the incomes of the government which are available during a given period of time. Thus, public receipts refer to all receipts of the government whether they are subject to repayment or not.

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