Which of the following is a capital receipt in the government budget? MCQ with Answer and Explanation

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Which of the following is a capital receipt in the government budget?

A. Borrowings

B. Dividends from public sector enterprises

C. Tax revenue

D. Interest receipts

Answer: Option A

Solution (By JKSSB Mock Tests)

Capital receipts create liability or reduce assets. Borrowings create a liability for the government and are therefore capital receipts. Tax revenue, interest receipts and dividends are revenue receipts.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'Loss and Damage Fund' established under the UNFCCC?

A. A fund to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage

B. A private insurance mechanism without public finance

C. A fund only for mitigation projects in developed countries

D. A fund limited to adaptation within national borders of developed countries

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Correct Answer: Option A

Explanation:
The Loss and Damage Fund, agreed at COP27 and operationalised subsequently, is intended to provide financial assistance to developing countries that are especially vulnerable to climate-related loss and damage.

This question belongs to: Economy GK Economy Set 1