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Economics › Budget, Fiscal Policy

Economics › Budget, Fiscal Policy

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Consider the following statements:
I. Capital receipts create a liability or cause a reduction in the assets of the Government.
II. Borrowings and disinvestment are capital receipts.
III. Interest received on loans creates a liability of the Government.

Which of the statements given above are correct?

Options

(a)

I and II only

(b)

II and III only

(c)

I and III only

(d)

I, II and III

Answer

(A)