Money deposited by the public in small savings schemes such as the Public Provident Fund is, for the government,

a revenue receipt, because it is not a taxCorrect answerYour answertax revenueCorrect answerYour answera capital receipt, because it must be repaidCorrect answerYour answera transfer paymentCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Small savings are a liability of the government to depositors, so they are capital receipts.

Concept: Small savings
Typical timeTypical: 70 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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Money deposited by the public in small savings schemes such as the Public Provident Fund is, for the government,

Explanation