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Question : Expenditure of the government on health facilities, education and fixed-asset acquisition is termed as _________.

Option 1: revenue expenditure

Option 2: plan expenditure

Option 3: non-plan revenue expenditure

Option 4: capital expenditure


Team Careers360 4th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: capital expenditure


Solution : The correct answer is capital expenditure.

Capital expenditures are long-term investments, like assets purchased with a useful life of a year or more than one year. The expenditure of the government on health facilities, education, and fixed-asset acquisitions is termed capital expenditure. The other examples of capital expenditure are property, furniture, equipment, machinery, buildings, etc.

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