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UPSC Civil ServicesPrelims2025General Studies Paper I
Question
QQ10. 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?
Options
- A I and II only
- B II and III only
- C I and III only
- D I, II and III
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Correct Answer
A I and II only
Model Answer
Answer: option A, as per UPSC's final answer key (Series A).