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.
Answer (1)
14th Jan, 2024
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.
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