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_____ is included in the government budget as a capital receipt.
  • a)
    Current transfers received from foreign countries
  • b)
    Borrowing from IMF
  • c)
    Profits and dividends of public sector enterprises
  • d)
    GST collection of Central government
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
_____ is included in the government budget as a capital receipt.a)Curr...
Borrowings from the International Monetary Fund (IMF) is a capital receipt. This is because borrowings creates liability for the government.
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_____ is included in the government budget as a capital receipt.a)Current transfers received from foreign countriesb)Borrowing from IMFc)Profits and dividends of public sector enterprisesd)GST collection of Central governmentCorrect answer is option 'B'. Can you explain this answer?
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