Which among the following is / are “Revenue Receipts” of the Government?
1.Corporation Tax
2.Grants Received from a foreign country
3.Loans from International Fund
4.Interest free loans from IDA
Choose the correct option from the codes given below:

Answer: [A] Only 1 & 2

Loans are not included in revenue receipts because of liability to pay those back

This question is a part of GKToday's Integrated IAS General Studies Module