Which among the following are the ‘Revenue Receipts’ of the Government?
1.Corporation Tax
2.Grants Received from a foreign country
3.Loans from International Fund
4.Interest free loans from IDA
Select the correct option from the codes given below:

Answer: [B] Only 1 & 2

Loans are not counted in revenue receipts because they have liability to be paid back.

This question is a part of GKToday's Integrated IAS General Studies Module