____________ are those receipts that do not lead to a claim on government. They are therefore termed as non-redeemable.

Revenue receipts

The correct answer is option (3) : Revenue receipts

Revenue receipts are funds received by the government that do not create liabilities or obligations. They are non-redeemable because they don't lead to any repayment or return of assets. These receipts are usually associated with the government's regular operating activities and include items like taxes, fines, and fees. In contrast, capital receipts involve transactions that lead to a change in the assets or liabilities of the government, such as loans and disinvestment proceeds.