WBCS.LIVE practice question

Which of the following is an example of capital receipts?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Revenue from the sale of government assets
  2. Grants-in-aid from other governments
  3. Interest on government bonds
  4. Taxes on income

Correct answer and explanation

Correct answer: Revenue from the sale of government assets