Consider the following statements:
I. Capital receipts create a liability or cause a reduction in the assets of the Government.
II. Borrowings and disinvestment are capital receipts.
III. Interest received on loans creates a liability of the Government.
Which of the statements given above are correct?
UPSC CSE 2025 · Economy
- A. I and II only
- B. II and III only
- C. I and III only
- D. I, II and III
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