pyq/2025/prelims/10

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?

(A) I and II only

(B) II and III only

(C) I and III only

(D) I, II and III