SSC CPO 2022 PYQ — Question 62

The correct answer is option 2 i.e. Sale of government assets.

Sale of government assets is NOT a revenue receipt by the government. Revenue receipts are income sources that do not result in a liability for the government and include items like fees and other receipts for services rendered, dividends and profits on investments, and cash grants-in-aid from foreign countries and international organizations. The sale of government assets is classified as a capital receipt because it involves the disposal of long-term assets and generates a capital inflow rather than regular income.