Question:
Which of the following are revenue receipts of the Central Government?
Which of the following are revenue receipts of the Central Government?
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Revenue receipts are those that do not create any liability or asset; they are regular income like taxes and interest.
Updated On: Sep 18, 2025
- GST
- Provident Fund
- Interest receipts
- Recoveries of loans and advances from State Governments
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The Correct Option is C
Solution and Explanation
Step 1: Identify revenue receipts: Revenue receipts include tax revenues (like GST) and non-tax revenues (like interest receipts).
Step 2: Exclude non-revenue receipts: Provident Fund and loan recoveries are capital receipts.
Step 3: Conclude: Revenue receipts = GST and Interest receipts.
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