Question : Which of the following is a revenue receipts?
Option 1: Financial help from a multinational company for victims of flood affected.
Option 2: Loan take it from Japan for construction of Metro.
Option 3: Funds taken from public in the form of national savings certificates.
Option 4: Sale of 40% of shares of public sector undertakings.
Answer (1)
18th Jan, 2024
Correct Answer:
Financial help from a multinational company for victims of flood affected.
Solution :
Financial help from a multinational company for victims of flood affected is a revenue receipts as it neither creates liability nor reduces any assets of the government. Rest all three are capital receipt.
Hence Option A is correct.
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