Consider the following items 1 Borrowing by t...........

Economic Affairs Public Finance and Debt Management

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Consider the following items

1. Borrowing by the government from the Reserve Bank.

2. Loans received from foreign governments.

3. Sale of shares in Public Sector Undertaking.

4. Post-Office Savings Accounts.

Which of the items given above is/are part of capital receipts?

1, 3 and 4 only

3 and 4 only

2, 3 and 4 only

1, 2, 3 and 4

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Explanation:

Capital Receipts: All those receipts of the government which create liability or reduce financial assets are termed as capital receipts. The main items of capital receipts are loans raised by the government from the public which are called market borrowings.