Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government ?
Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government ?
Solution
✅ Correct Option: 3
Revenue Receipts are those receipts that neither create liability nor reduce assets of the government. They are non-redeemable and cannot be reclaimed from the government. Capital receipts, by contrast, either create liabilities (like borrowings) or reduce assets (like disinvestment).
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