Borrowings by the government are capital receipts. (True/ False)
Download our app for free and get startedPlay store
True.Explanation:
Borrowings by the government are capital receipts because they create a liability for the government.
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    Are the following statements true or false? Give reasons.
    Expenditure made on the development of a railway line is a capital expenditure.
    View Solution
  • 2
    Are the following statements true or false? Give reasons.
    Non-debt capital receipts only includes disinvestment.
    View Solution
  • 3
    Are the following statements true or false? Give reasons.
    Fiscal deficit is non-inflationary.
    View Solution
  • 4
    Are the following statements true or false? Give reasons.
    Direct tax are generally 'Proportional in nature.
    View Solution
  • 5
    Capital receipts do not reduce assets of the government. (True/ False)
    View Solution
  • 6
    Borrowing from the general public leads to an increase in revenue deficit. (True/ False)
    View Solution
  • 7
    Are the following statements true or false? Give reasons.
    Government budget is a statement of actual receipts and payments of the government.
    View Solution
  • 8
    Recovery of loans is a revenue receipt. (True/ False)
    View Solution
  • 9
    Fiscal Deficit = Total expenditure - Total receipts (True/ False)
    View Solution
  • 10
    State whether the following statement is true or false:
    ‘‘As per Keynesian theory in an economy, full employment can never exist.’’
    View Solution