Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Answer (1)
21st Jan, 2024
Correct Answer:
Capital receipts
Solution : Capital receipts refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
Hence, Option A is correct.
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