Question
EconomyPublic Finance, Budget and TaxationGovernment Budget, Receipts and ExpenditureMedium
Question details
- Type:
- Statement based
- Skill:
- Concept understanding
- Related topics:
- Fiscal Deficits, Public Debt and FRBM
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Consider the following statements: I. Capital receipts create a liability or cause a reduction in the assets of the Government. II. Borrowings and disinvestment are capital receipts. III. Interest received on loans creates a liability of the Government. Which of the statements given above are correct?
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Question 10 · Government Budget, Receipts and Expenditure · Economy · UPSC Prelims 2025 (GS)