Q. Which of the following constitute capital receipts of the Government of India?

1. Market Borrowings of the government
2. Borrowings by the government from the Reserve Bank and commercial banks
3. Small savings (Post-Office Savings Accounts, National Savings Certificates, etc.)
4. PSU disinvestment

Select the correct option from the codes given below:
Answer: 1, 2, 3 and 4
Notes: All listed items are capital receipts of the government. Capital receipts either create liabilities (such as borrowings from market, banks, or through small savings) or reduce assets (such as PSU disinvestment). These receipts are either debt creating or non-debt creating, and form part of the non-revenue receipts of the government.