Which of the following is a capital receipt in the government budget?

CA Foundation · Business Economics · MTP · April 2025
Which of the following is a capital receipt in the government budget?
(A) A. Income tax
(B) B. Interest on loans
(C) C. Borrowings
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Borrowings

Topics: Public Finance

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