Which of the following is / are revenue receipts of the Indian Government?

  1. Corporation Tax
  2. Grants Received from a foreign country
  3. Loans from International Fund
  4. Interest free loans from IDA

Select the correct option from the codes given below:

Answer: [B] Only 1 & 2

Only 1 & 3 are revenue receipts. Rest two are capital receipts. 

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