Question : Which of the following statements are true?
Statement 1- Revenue receipt are regular and recurring in nature.
Statement 2- Capital receipts are regular and non-recurring in nature.
Option 1: Both are true .
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 2 is true and statement 1 is false.
Correct Answer: Both are true .
Solution : Revenue receipt of regular and recurring in nature. They are general transactions in the economy. Capital receipts are regular and non-recurring in nature. It involves change in either assets or liabilities of the government. Hence option A is correct.
Question : Which of the following statement are true?
Question : Which of the following is non-recurring in nature?
Statement 1- Small savings are treated as revenue receipts.
Statement 2- Disinvestment is a part of the revenue expenditure
Question : Which of the following is recurring in nature?
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