Practicing Success
Which of the following sources of receipts increases the liabilities of the government? |
Indirect taxes Recovery of loan from Punjab government Dividends received from the shares of SBI Borrowings from public |
Borrowings from public |
Borrowing from the public will increase the liability of the government. It is considered as "Capital receipts". Capital receipts are those receipts of the government which reduce the assets and increase the liability of the government. |