Question : Which of the following statement are true?

1. Revenue receipt involves loan from world bank.
2. Revenue receipt involves income tax received by government.

Question : Which of the following statement are true?

1. At breakeven point, income and consumption are equal.
2. Equality between AD and AS implies the equality between income and AD.

Question : Which of the following statement are true?

1. Recovery of loan is a capital receipt.
2. Interest received in loans is a capital receipts.

Question : Which of the following statement are true?

1. Grants received from World Bank is the revenue receipt.
2. Sale of public sector undertaking is a capital receipt.

Question : Which of the following are true?

1. Generation and distribution are the two phases in circular flow of income.
2. There are no exports in a closed economy.