JKSSB Mock Tests

Which of the following is NOT a component of revenue receipt?

A. Grant received by UNESCO
B. Amount borrowed from World Bank
C. GST
D. Fees paid for the registration of property
Answer: Option B
Solution (By JKSSB Mock Tests Team)
Borrowings from international organizations like the World Bank create a liability for the government and are therefore classified as capital receipts, not revenue receipts.
This Question Belongs to: General knowledge mcqs Economics set 1

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