Surplus budget is that budget in which government's estimated receipts are more than government's estimated expenditure.
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When total expenditure = ₹ 63 lakh, revenue receipts = ₹ 27 lakh, capital receipts = ₹ 44 lakh, capital receipts net of borrowings = ₹ 22 lakh, then fiscal deficit will be ₹ 14 lakh. (True/ False)
Categorize the following items into Revenue and Capital Receipts.
Statement-Funds raised from public in the form of National Saving Certificates and Kisan Vikas Patras.