Which of the following statements is true?

(A) Wage bill of the government is a capital expenditure.

(B) Disinvestment by the government in a company is a capital receipt.

Only (B)

The correct answer is Option (4) - Only (B)

(A) Wage bill of the government is a capital expenditure: 

This is incorrect. A wage bill is a revenue expenditure. Revenue expenditure refers to the day-to-day expenses incurred by the government for its regular functioning, like salaries, interest payments, and subsidies. These are not investments in long-term assets.

(B) Disinvestment by the government in a company is a capital receipt:

This is correct. Disinvestment refers to the government selling its stake in a public sector company. This sale generates income, which is considered a capital receipt. Capital receipts are inflows of cash that are not related to the core business operations, but rather come from selling assets, borrowing money, or issuing equity.

Therefore, only statement (B) is true.