Economics · Government Budget
Which of the following statements are correct? (1) Capital receipts either create liabilities or reduce assets. (2) Revenue expenditure creates assets for the government. (3) Fiscal deficit reflects the total borrowing requirements of the government.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 & 3
- 21 & 2 only
- 32 & 3 only
- 41 & 3 only✓
Correct answer
1 & 3 only
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