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Which of the following sources form part of the Revenue Receipts of the government? 
1. Interests received by the government on loans 
2. Interests paid by the government on loans 
3. Penalties & fines received by the government 
4. Borrowings by the government 
Select the correct answer using the code given below:
  • a)
    1, 3 and 4 only
  • b)
    1 and 3 only
  • c)
    1, 2 and 3
  • d)
    1 only
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Which of the following sources form partof the Revenue Receipts of the...
Received by the government for violation of laws
4. Dividends received by the government from public sector enterprises

1, 3, and 4 are sources that form part of the Revenue Receipts of the government.
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Community Answer
Which of the following sources form partof the Revenue Receipts of the...
Interest paid by the government on loans is called revenue expenditure. Borrowing by the government comes under capital account
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Which of the following sources form partof the Revenue Receipts of the government?1. Interests received by the government on loans2. Interests paid by the government on loans3. Penalties & fines received by the government4. Borrowings by the governmentSelect the correct answer using the code givenbelow:a)1, 3 and 4 onlyb)1 and 3 onlyc)1, 2 and 3d)1 onlyCorrect answer is option 'B'. Can you explain this answer?
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