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 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. Corporate tax is revenue receipts.
2. Tax receipt is a capital receipt

Question : Which of the following statement are true?

1. Defence capital equipment purchased from Russia is a capital expenditure.
2. Grants given to state government is a revenue expenditure.

Question : Which of the following statement are true?

1. Profit of public sector undertaking is a revenue receipts.
2. Disinvestment is a capital expenditure.