SSC MTS 2024 PYQ — Question 48

The correct answer is Option 4 i.e. Amount borrowed from World Bank.

Amount borrowed from World Bank is it is not a revenue receipt but a capital receipt, since borrowings create liabilities for the government. Revenue receipts include items that neither create liabilities nor reduce assets, such as GST (a tax), fees paid for registration of property (non-tax revenue), and grants received by UNESCO (aid). These are used for regular government expenditure, while borrowings are treated separately as capital receipts in government accounting.