Q.

The sale proceeds of Government Bonds come under the budget head of -

A. Revenue Receipts
B. Current Expenditure
C. Capital Outlay
D. Capital Receipts
Answer» D. Capital Receipts
Explanation: Capital receipts are the funds received into the businesses that are not part of the operating activities of the establishment. Capital receipts primarily include external assistance, market loans, small savings, principal investment in bonds, and Government provident funds. A capital receipt is a receipt which is derived from sale or purchase of capital assets like plant and machinery, furniture, investment (long term) etc., which shall not be occurring all the time.
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