Question : Recoveries of loans and advances, borrowings, are an example of ________.
Option 1: non-tax receipts
Option 2: capital receipts
Option 3: revenue receipts
Option 4: tax receipts
Correct Answer: capital receipts
Solution : The correct answer is capital receipts.
Since loan recovery reduces government assets, it is regarded as a capital receipt. These are the receipts that make the government liable or cause its assets to decrease. It is the proceeds realised from the selling of stocks, bonds and other assets.
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