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Question

Which of the following sources of receipts in government budget increases its liabilities?

A
Direct taxes
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B
Recovery of lans
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C
Borrowings
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D
Dividend from public sector undertakings
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Solution

The correct option is C Borrowings
Borrowings increase the government liabilities as it is a capital receipt and capital receipts either increase the liabilities or cause reduction in the assets of the government.

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