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SSC GD 2019 PYQ — Question 46

SSC GD Constable (English) - 12 Feb 2019 Shift 1 • General Awareness • Q46

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Government receipts that are non-redeemable are known as ________..

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Correct answer: C

Explanation

The correct answer is option 3 i.e. Revenue receipts.

  • Government receipts that are non-redeemable are termed as revenue receipts.
  • These receipts encompass funds obtained by the government through sources such as taxes, duties, fines, fees, and other levies.
  • Unlike capital receipts, which involve borrowing or asset sales, revenue receipts are generated from ongoing government activities and do not result in any corresponding liability or obligation for repayment.
  • They contribute to government revenue and are utilized to finance current expenditures, including public services, infrastructure, and welfare programs.