The receipts which neither create any liability nor cause any reduction in the assets of government are called:

CA Foundation · Business Economics · PYQS · January 2025
The receipts which neither create any liability nor cause any reduction in the assets of government are called:
(A) A. Non-debt capital receipts
(B) B. Debt capital receipts
(C) C. Revenue receipts
(D) D. Estimated receipts

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Revenue receipts

Topics: Public Finance

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