Q. Which of the following is/are comes under capital receipts?
1.Postal deposits
2.Small saving schemes
3.Government bonds sold to the public
How many of the statements given above are correct?
Answer: C
Notes:
Explanation: Other Receipts by the Government: This includes many long-term capital accruals to the government through the Provident Fund (PF), Postal Deposits, various small saving schemes (SSSs) and the government bonds sold to the public (as Indira Vikas Patra, Kisan Vikas Patra, Market Stabilisation Bond, etc.).
Such receipts are nothing but a kind of loan on which the government needs to pay interest on their maturities. But they play a role in the capital raising process by the government.
Source: Ramesh Singh
