Discussion
Which of the following cannot be classified as a revenue receipt of the government?
Answer: C
A revenue receipt neither creates a liability nor reduces an asset of the government. Interest on loans, tax receipts and profits of public sector undertakings are revenue receipts. Disinvestment, the sale of the government's shares in public enterprises, reduces its assets and is a capital receipt. The answer is disinvestment, option C. Tax receipts and interest and dividends are recurring and do not change the assets or liabilities of the government.
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