Which of the following are examples of revenue receipts of the Indian Government?
- Money borrowed from World Bank at low interest rate
- Interest received by government on loans given to other countries
- Grants Received from a foreign country
- Government earns through export of agricultural products
Select the correct option from the codes given below:
Money borrowed from World Bank at low interest rate creates liability or reduce assets and thus treated as capital receipt. Grants are counted as revenue receipts. Government's earning through export of agricultural products is again counted in revenue receipt. Similarly interest received by government on loans issued is counted in revenue receipt.
This question is a part of GKToday's Integrated IAS General Studies Module