Which of the following is a capital receipts in the Government budget ?
Public borrowing creates a liability and is a capital receipt. Interest, dividends/profits and property-tax receipts are revenue receipts, rather than debt finance.
Choose your answer
Which of the following is a capital receipts in the Government budget ?
Answer and explanation
Correct answer C
Public borrowing creates a liability and is a capital receipt. Interest, dividends/profits and property-tax receipts are revenue receipts, rather than debt finance.
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UGC NET Economics