Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Which of the following is a revenue receipt?

Options:

Recovery of loans

External grants

Disinvestment

None of the above

Correct Answer:

External grants

Explanation:

The correct answer is Option 2: External grants

Revenue receipts are the receipts which does not affect assets and liabilities. External grants are funds received by the government without the obligation of repayment and are considered revenue receipts because they are used to finance the government's expenditure without creating a liability.