Question
Surplus reserve of RBI transferred to Government of India (GOI) will come under which of the following?
Answer: Option A
Answer: (a)
The RBI transferred its (accumulated) surplus reserve to its annual income and then this annual income was transferred to Govt. of India as a dividend.
Dividend from PSUs (RBI is a PSU which is 100% owned by Govt. of India) is considered as non-tax revenue receipts.
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Answer: (a)
The RBI transferred its (accumulated) surplus reserve to its annual income and then this annual income was transferred to Govt. of India as a dividend.
Dividend from PSUs (RBI is a PSU which is 100% owned by Govt. of India) is considered as non-tax revenue receipts.
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