Practicing Success

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
Borrowings
Correct Answer:
External grants
Explanation:
Revenue receipts are the receipts which does not affect assets and liabilities. External grants does not change the present status of assets and liabilities.