Question : Loan from IMF is an example of……
Option 1: Revenue receipts
Option 2: Capital receipts
Option 3: Revenue expenditure
Option 4: Capital expenditure
Answer (1)
17th Jan, 2024
Correct Answer:
Capital receipts
Solution : The correct answer is (b) Capital receipts.
Capital receipts refer to the inflows of funds that create liabilities or lead to a decrease in assets of the government. It includes borrowings, loans, disinvestment proceeds, and other forms of capital inflows.
When a country receives a loan from the IMF, it is considered a capital receipt because it involves borrowing funds from an external source. The loan creates a liability for the government, which will need to be repaid in the future.
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