Question

Which of the following is/are recurring in nature?

• A. Tax receipts
• B. Non-tax receipts
• C. Loans which are taken by the government
• D. None of the above

Answer 1

Answer: (A), (B)

The correct options are
A

Tax receipts

B

Non-tax receipts

Revenue receipts such as tax and non-tax receipts are recurring in nature whereas capital receipts such as a loan taken by the government is non-recurring in nature.