GS PrelimsEconomyFiscal Policy2025

Consider the following statements : 1. Capital receipts create a liability or cause a reduction in the assets of the Government. 2. Borrowings and disinvestment are capital receipts. 3. Interest received on loans creates a liability of the Government. Which of the statements given above are correct?

A

I and II only

B

II and III only

C

I and III only

D

I, II and III

Correct Answer: Option A

Explanation

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