Give meanings of Capital receipts and Revenue receipts with an example of each.

Question 12. Give meanings of Capital receipts and Revenue receipts with an example of each.
Class  Class 12
Subject Economics (Macroeconomics)
Category Class 12 Economics Solutions Sandeep Garg

Sandeep Garg Macroeconomics Class 12 Solutions Circular flow of Income – Short Questions Q.12 Give meanings of Capital receipts and Revenue receipts with an example of each.

Solution:-

Revenue receipts: – Revenue receipts are those recurring receipts for the Government which neither results in reduction of its assets nor an increase in its liabilities. For example, taxes, fines received by government.




Capital Receipts: – Capital receipts are those estimated non-recurring receipts for the government which results in reduction of its assets or an increment in its Liabilities. For example, Sale of Government land and borrowings by government.

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