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Public Facilities in Action

Which of the ...

Question

Which of the following is not a revenue receipt?

A

Recovery of loans

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B

Foreign gains

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C

Profits of public enterprise

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D

Corporate Tax

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Solution

The correct option is D Recovery of loans
Recovery of loans is not an example of revenue receipts because revenue receipts refer to those money receipts which does not create a liability for the government or cause reduction in assets of the government.

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