Question : ___________________ refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Option 1: Capital receipts
Option 2: Capital expenditure
Option 3: Revenue receipts
Option 4: Revenue expenditure.
Correct Answer: Capital expenditure
Solution : Capital expenditure refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Hence, Option B is correct.
Question : ___________________________ refers to those expenditure which neither creates any assets nor causes reduction in any liabilities of the government.
Question : _________________ refers to those receipt which either creates a liability or causes a reduction in the assets of the government.
Question : _________________ refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.
Question : ________________ gives a warning signal to the government to either curtail its expenditure or increases its revenue.
Question : Salaries, pension, interest, etc are the examples of _____________.
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