Consider the following: 
$1.$ Loans raised by the government
$2.$ Borrowings by the government from the RBI.
$3.$ Loans received from foreign governments.
Which of the above is/are termed as capital receipts? Select the correct answer using the codes below: 

Consider the following statements.

1. Recoveries of loans from State and Union Territory Governments and other parties are revenue receipts.

2. Loans and advances granted by Central Government to State and Union Territory Governments are capital payments.

Which of the above statement(s) is/are NOT correct?

Consider the following taxes.

1. Wealth Tax

2. Capital Tax

3. Income Tax

4. Corporate Tax

Which of the above Taxes come under the ambit of Direct tax?

Which of the following in the context of Finance Commission.

1. The distribution of net proceeds of taxes to be shared between the Union and the States and between the States.

2. The principles which should govern the payment of the Union grants-in-aid to the revenues of the States.

3. Measures to be taken to augment the Consolidated Fund of states to help the panchayats and municipalities.

On which of the above, the Finance Commission is required to make recommendations?

Which of the following is/are part of Public Account of India.

1. Pension Funds

2. Provident Funds

3. Post Office Savings

4. Small Saving Schemes

Choose the correct code.

Consider the following statements in the context of GST:
1. Both Parliament and state legislatures have concurrent powers to make laws on Goods and Services Tax.
2. Only the union Parliament can make law on Integrated GST (IGST) on the interstate supply of goods and services, and imports.
3. The GST council is headed by the Union Finance Minister with the finance minister of all the states as its members.
Which of the above statement(s) is/are correct?

Under which of the following circumstances may 'Capital gains' arise?
$1.$ When there is an increase in the sales of a product.
$2.$ When there is a natural increase in the value of the property owned.
$3.$ When you purchase a painting, there is growth in its value due to an increase in its popularity.
Select the correct answer using the codes given below: