Question

Assertion:- Borrowing by the government from general public, RBI and ROW are capital receipts. Recovery of loans by government and sale of shares of public sector enterprises to private sector enterprises to private sector are treated as capital receipts in government budget. Reason:-Capital receipts are those estimated receipts of the government during the fiscal year which affect assets and liability status of the government. These receipts create a corresponding liability for the government or lead to reduction in assets of the government. *

(i) Both assertion and reason are true and reason is the correct explanation of assertion.

(ii) Both assertion and reason are true and reason

is not the correct explanation of assertion.

(iii) Assertion is true but reason is false.

(iv) Assertion is false but reason is true.​

Answer 1

Answer:

(iii) Assertion is true but reason is false.

Explanation:

this is the correct answer

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