Question : _________________ refers to those receipt which neither creates a liability nor 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.

Question

Question : _________________ refers to those receipt which neither creates a liability nor 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.

Team Careers360 · Accepted Answer

Correct Answer: Revenue receipts

Solution : Revenue receipts refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.

Hence, Option C is correct.

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Question : _________________ refers to those receipt which neither creates a liability nor 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.

Related Questions

Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.

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Question : _________________ refers to those receipt which neither creates a liability nor 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.