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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


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

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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