Question : It is incurred mainly for acquisition of assets and granting of loans and advances.
Option 1: Revenue expenditure
Option 2: Capital expenditure
Option 3: Primary expenditure
Option 4: Budgetary expenditure
Correct Answer: Capital expenditure
Solution : Capital expenditure is incurred mainly for acquisition of assets and granting of loans and advances. Hence, Option B is correct.
Question : It is incurred for normal running of government departments and provision of various services.
Question : Fill in the blanks- ____________________= Revenue expenditure - Revenue receipts.
Question : ___________________ refers to those expenditure which either creates an assets or causes reduction in liabilities of the government.
Question : It refers to excess of revenue expenditure over revenue receipt during the given fiscal year.
Question : Fill in the blanks- ____________________= Capital expenditure - Capital receipts.
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