Question : Which of the following is a revenue receipts?
Option 1: Profit of public sector undertaking
Option 2: Sale of public sector undertaking
Option 3: Disinvestment
Option 4: Rise from sale of shares of public sector undertaking
Answer (1)
13th Jan, 2024
Correct Answer:
Profit of public sector undertaking
Solution :
Profit of public sector undertaking 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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