Identify which of the following statements is false: (c)hoose the correct alternative)
A. The government can finance its budgetary deficit through borrowings, disinvestment and deficit financing
B. Fiscal deficit equals borrowings
C. Recovery of loans is a revenue receipt
D. Interest on loans is a non-tax revenue receipt
Answer:C
Identify which of the following statements is false: (c)hoose the correct alternative)
A. The government can finance its budgetary deficit through borrowings, disinvestment and deficit financing B. Fiscal deficit equals borrowings C. Recovery of loans is a revenue receipt D. Interest on loans is a non-tax revenue receipt