Question : Which of the following is a revenue expenditure?
Option 1: Expenditure on scholarship
Option 2: Expenditure on purchasing computers
Option 3: Repayment of loans
Option 4: Amount borrowed from USA repaired
Correct Answer: Expenditure on scholarship
Solution : Expenditure on scholarship is a revenue expenditure because it neither create any assets nor reduces any liability. Rest of the three are part of capital expenditure . Hence Option A is correct.
Question : From the following data calculate Revenue deficit- Tax revenue- 1050 Revenue expenditure- 2000 Non-tax revenue- 200 Recovery of loans- 120 Capital expenditure- 500 Disinvestment- 50 Interest payments- 20
Question : Which of the following is a capital expenditure?
Question : From the following data calculate fiscal deficit- Tax revenue- 1050 Revenue expenditure- 2000 Non-tax revenue- 200 Recovery of loans- 120 Capital expenditure- 500 Disinvestment- 50 Interest payments- 20
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