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

Question : Which of the following statement are true?

1. Foreign aid against earthquakes victim is revenue expenditure.
2. Dividends on investment made by government is 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.