Question : Recoveries of loans and advances, borrowings, are an example of ________.
Option 1: non-tax receipts
Option 2: capital receipts
Option 3: revenue receipts
Option 4: tax receipts
Correct Answer: capital receipts
Solution : The correct answer is capital receipts.
Since loan recovery reduces government assets, it is regarded as a capital receipt. These are the receipts that make the government liable or cause its assets to decrease. It is the proceeds realised from the selling of stocks, bonds and other assets.
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Question : What are the differences between revenue expenditures and revenue receipts?
Option 1: Revenue
Option 2: Total expenditure
Option 3: Revenue deficit
Option 4: Total revenue
Question : Which of the following is an indirect tax?
Option 1: Death duty
Option 2: Interest tax
Option 3: Goods and services tax
Option 4: Capital gains tax
Option 1: Capital gains tax
Option 2: Excise duty
Option 3: Wealth tax
Option 4: Estate duty
Question : Which of the following taxes is proportional in nature?
Option 1: Capital Gains Tax
Option 2: Income Tax
Option 3: Corporation Tax
Option 4: Goods and Services Tax
Question : Which of the following may be classified as a 'Pigouvian tax'?
Option 1: Income tax
Option 2: Carbon tax
Option 3: Corporate tax
Option 4: Long term capital gain tax
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