A
1 only
B
2 only
C
Both 1 and 2
D
Neither 1 nor 2
Correct answer: (b) 2 only
Explanation
Statement 1 is incorrect because disinvestment proceeds are categorized as non-debt capital receipts, not debt capital receipts, under the Union Budget. Statement 2 is correct as DIPAM functions as a nodal department under the Ministry of Finance.
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2025 · Q10 · General Studies · 2 marks
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?