Consider the following statements : I. Capital receipts create a liability or cause a reduction in the assets of the Government. II. Borrowings and disinvestmen

Question

Consider the following statements :
I. Capital receipts create a liability or cause a reduction in the assets of the Government.
II. Borrowings and disinvestment are capital receipts.
III. Interest received on loans creates a liability of the Government.

Which of the statements given above are correct ?

Accepted Answer

(A) I and II only

Answer

(B) II and III only

Answer

(C) I and III only

Answer

(D) I, II and III