CSEET · Economic and Business Environment · Indian Union Budget
Which of the following is a non-debt capital receipt in the Union Budget?
Recovery of loans previously given to States is a non-debt capital receipt, since it brings in money without creating any liability for the government. Market borrowings, Treasury Bills and external loans are debt-creating receipts because they must be repaid with interest.
- AMarket borrowings through dated securities
- BRecovery of loans earlier given by the Centre to StatesCorrect
- CBorrowings through Treasury Bills
- DExternal loans from multilateral agencies
Explanation
Non-debt capital receipts do not create a repayment liability; they include recovery of loans and disinvestment proceeds. Dated securities, Treasury Bills and external loans are all borrowings that must be repaid, so they are debt-creating receipts.
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