Question
Download Solution PDFWhich of the following is NOT a revenue receipt by the government?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is the Sale of government assets.
Key Points
- Government revenue is the money that the government receives through taxes and non-tax sources to undertake government expenditures.
- It is classified into revenue receipts and capital receipts.
- Examples of revenue receipts are
- Cash grants-in-aid from foreign countries and international organizations.
- Fees and other receipts for services rendered by the government.
- Dividends and profits on investments made by the government.
- The sale of government assets is part of capital receipts.
Additional Information
Features of revenue receipts
- The revenue receipts are recurring in nature.
- It does not create any liability for the government.
- It should not lead to a fall in the assets of the government.
- The revenue receipts are non-redeemable
- It can be further classified into tax revenue and non-tax revenue.
Last updated on Jun 17, 2025
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