Question : Fill in the blanks- Borrowings from IBD Bank is a ________ expenditure.
Option 1: Revenue
Option 2: Capital
Option 3: Both A and B
Option 4: Neither A nor B.
Correct Answer: Capital
Solution : Borrowings from IBD Bank is a capital expenditure as it increases government liability. Hence Option B is correct.
Question : Fill in the blanks- Expenditure on collection of tax is a ________ expenditure.
Question : Fill in the blanks- Salaries paid to staff is a ________ expenditure.
Question : Fill in the blanks- Construction of school is a ________ expenditure.
Question : Fill in the blanks- Subsidies is a ________ expenditure.
Question : Fill in the blanks- Construction of mall is a ________ expenditure.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile