Which one of the following is not included in the revenue account of Union Budget ?
Small-savings deposits are public-account liabilities rather than revenue receipts. Tax receipts, interest receipts, and the listed profits and dividends are revenue…
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Which one of the following is not included in the revenue account of Union Budget ?
Answer and explanation
Correct answer D
Small-savings deposits are public-account liabilities rather than revenue receipts. Tax receipts, interest receipts, and the listed profits and dividends are revenue receipts. The Public Account should not be conflated with the Consolidated Fund’s capital-receipts account.
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