JKSSB Mock Tests

Where does the cash grants in aid from foreign countries are classified?

A. Capital receipt
B. Tax revenue
C. Revenue expenditure
D. Non-tax revenue
Answer: Option D
Solution (By JKSSB Mock Tests Team)
Foreign cash grants do not carry repayment obligations and do not stem from taxation, so they are categorized under the non-tax revenue receipts of the government budget.
This Question Belongs to: General knowledge mcqs Economics set 1

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