Which of the following are included in non debt receipts 1 Tax revenue 2 Non Tax revenue 3 Rec...........

Economic Affairs Balance of Payments

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Which of the following are included in non-debt receipts?

(1) Tax revenue

(2) Non-Tax revenue

(3) Recovery of loans

(4) Disinvestment Receipts

(5) Market Borrowings

Select the correct answer using the code given below:

1 and 2 only

3 and 4 only

1, 2, 3 and 5 only

1, 2, 3 and 4 only

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Explanation:

Explanation:
Central government receipts can broadly be divided into Non-debt and debt receipts. The Nondebt receipts comprise of Tax revenue, Non-Tax revenue and Non-debt Capital receipts like recovery of loans and disinvestment receipts. Debt receipts mostly comprise of market borrowings and other liabilities, which the government is obliged to repay in the future. Therefore, the correct answer is (d)