Question : Government is setting up Multi Skill Training Institutes in country is an example of 

Option 1: Revenue receipts

Option 2: Capital Receipts

Option 3: Revenue expenditure

 

Option 4: Capital Expenditure


Team Careers360 1st Jan, 2024
Answer (1)
Team Careers360 14th Jan, 2024

Correct Answer: Capital Expenditure


Solution : The correct answer is (d) Capital Expenditure.

The government setting up Multi Skill Training Institutes in the country is an example of capital expenditure in the government budget.

Capital expenditure refers to the government's spending on assets and investments that have long-term benefits and contribute to the country's economic growth and development. It involves acquiring or creating assets such as infrastructure, buildings, equipment, and other capital goods.

In this case, the government's establishment of Multi Skill Training Institutes involves investing in the creation of educational infrastructure and facilities that provide skill development training to individuals. These institutes are aimed at enhancing the workforce's skills and capabilities, which can contribute to economic development and improve employment prospects.

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