Question : Which of the following is recurring in nature?
Option 1: Revenue receipts
Option 2: Capital expenditure
Option 3: Capital receipt
Option 4: Both B and C.
Correct Answer: Revenue receipts
Solution : The revenue receipt is recurring in nature. It does not bring any change in the assets and liabilities of the government. Hence Option A is correct.
Question : Which of the following is non-recurring in nature?
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