Economics · Public Finance
Which of the following statements is/are correct? I. Revenue receipts are those receipts which cannot be claimed from the government. II. Revenue expenditure is the expenditure of the government for purposes other than the creation of physical or financial assets.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both I and II✓
- 2Neither I nor II
- 3Only I
- 4Only II
Correct answer
Both I and II
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