Q. 19

Classify the foll

Answer :

(a) Financial help from a multinational corporation for victims in a flood-affected area.: Revenue receipt. This is because of it neither creates any liability know it creates any reduction in the Assets of the government. It is like a transfer payment.


(b) Sale of shares of a Public Sector Undertaking (PSU) to a private company, Y Ltd.: Capital receipt. It leads to a reduction in the assets of the government.


(c) Dividends paid to the Government by the State Bank of India.: Revenue receipt. This is because of it neither creates any liability nor it creates any reduction in the Assets of the government.


(d) Borrowings from the International Monetary Fund (IMF): Capital receipt. It leads to a reduction in the assets of the government.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses
RELATED QUESTIONS :

If real income toEconomics - Board Papers

What are capital Economics - Board Papers

What are revenue Economics - Board Papers