Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy National Income Accounting
Which of the following statement is true regarding capital receipts in government budget?
I. Receipts of the government which create liability or reduce financial assets are termed as capital receipts.
II. Capital receipt is sub-part of Revenue budget.
1
Both I and II
2
Only I
3
Only II
4
Neither I nor II