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. Sale of government securities by the central bank in the open market is an appropriate policy to check depression in the economy.
2. Deficiency in demand has no effect on the country’s output and

Question : Which of the following statement are true?

1. APC can be more than one.
2. APC+APS =1 always.

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