Consider the following transactions:
1. Government of India borrowed money from World Bank on low interest
2. Government of India borrowed money from market by issuing bonds
3. World Bank gives grant to Government of India
Which among the above is / are capital receipts?

Answer: [A] Only 1 & 2

  1. Government of India borrowed money from World Bank on low interest : Capital Receipt
  2. Government of India borrowed money from market by issuing bonds : Capital Receipt
  3. World Bank gives grant to Government of India: Revenue Receipt

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