Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Receipts of the Government that are non-redeemable and cannot be reclaimed from the Government, are under which type of revenues of Government?

Options:

Capital Receipts

External Commercial Borrowings

Revenue Receipts

Non-tax Revenue

Correct Answer:

Revenue Receipts

Explanation:

Revenue Receipts: Revenue receipts are those receipts that do not lead to a claim on the government. They are therefore termed non-redeemable. They are divided into tax and non-tax revenues.