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Government Budget: Receipts & Expenditure · Question 30 of 57

Question 30

EasyOriginal question

Capital receipts are receipts that

neither create a liability nor reduce assetsCorrect answerYour answercome only from taxesCorrect answerYour answercome only from finesCorrect answerYour answereither create a liability or reduce the government's assetsCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Borrowing creates a liability; disinvestment and recovery of loans reduce assets.

Concept: Capital receipts
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsCapital receipts

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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

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Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

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