Civil Services Examination · प्रश्न 40
Consider the following statements: I. Capital receipts create a liability or cause a reduction in the assets of the Government. II. Borrowings and disinvestment are capital receipts. III. Interest received on loans creates a liability of the Government. Which of the statements given above are correct?
उत्तर देखें और व्याख्या
उत्तर: (A) I and II only
व्याख्या
Capital receipts (I, II) are correctly described; interest received is a revenue receipt, not a liability-creating item, so III is wrong.