Question

Which of the following is NOT a capital receipt of the government?

Options

• Disinvestment proceeds

• Loans from RBI and foreign sources

• Public borrowing

• Excise duty

Answer 1

Excise duty neither creates a liability nor reduces assets, so it is a revenue receipt. Public borrowing and RBI/foreign loans create liabilities, while disinvestment proceeds reduce assets — all three are capital receipts.