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Question : Which of the following is a revenue receipts?
 

Option 1: Loans recovered from public sector enterprises
 

Option 2: Loans taken from USA for the developmental projects
 

Option 3: Sale of shares of public sector undertakings

Option 4: License and court fees received by the government
 


Team Careers360 23rd Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: License and court fees received by the government
 


Solution : License and court fees received by the government is a revenue receipts as it neither creates liability nor reduces any assets of the government. Rest all three are capital receipt.
Hence Option D is correct.

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