Consider the following statements 1 All non revenue receipts of the government are known as Ca...........

Economic Affairs Public Finance and Debt Management

Consider the following statements

1 All non revenue receipts of the government are known as Capital Receipts.

2 Capital receipts include all long term loans raised by the government inside the country.

3 Grants which the government receives are included in capital receipt.

Which of the following statement is/are right?

1 and 2 only

2 and 3 only

1, 2 and 3

None of above

Grants which the govt receives are included in the revenue receipts.

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