Question : Which of the following statement are true?

1. Grants received from World Bank is the revenue receipt.
2. Sale of public sector undertaking is a capital receipt.

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.
 

Question : Which of the following statement are true?

1. Corporate tax is revenue receipts.
2. Tax receipt is a capital receipt

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.
 

Question : Which of the following statement are true?

1. Recovery of loan is a capital receipt.
2. Interest received in loans is a capital receipts.

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.
 

Question : Which of the following are true?

1. Salary received by Rakesh from a company is a factor income.
2. Bonus received on Diwali is a factor income.

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true and statement 2 is false.
 

Option 4: Statement 1 is false and statement 2 is true.

Question : Which of the following statement are true?

1. Expenditure on scholarship is a capital expenditure.
2. Subsidies is a revenue expenditure

Option 1: Both are true.
 

Option 2: Both are false.
 

Option 3: Statement 1 is true, statement 2 is false.
 

Option 4: Statement 1 is false, statement 2 is true.