Question : Which of the following statement are true?

1. Expenditure on scholarship is a capital expenditure.
2. Subsidies 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.

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