____________ is a revenue receipt of the Government.
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This question was previously asked in
Shift 11/06/2023 3:30 PM - 6:30 PM
A
Profits of LIC, a public enterprise
B
Amount borrowed from Japan for construction of Bullet Train
C
Recovery of loans
D
Sale of 40% shares of a public sector undertaking to a private enterprise
Correct Answer
Profits of LIC, a public enterprise
Detailed Explanation
Among the options provided, the revenue receipt of the Government is:
(1) Profits of LIC, a public enterprise
- Revenue receipts are funds that the government receives through non-debt sources. When the government sells shares of a public sector undertaking (PSU) to a private enterprise, it generates revenue income, which is considered a revenue receipt.
- This income is not a loan or borrowing (option 3), profits (option 2), or recovery of loans (option 3).
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