Government Budget and the Economy-Classification of Expenditure (CBSE Class-12 Economics): Questions 1 - 4 of 4

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Question number: 1

» Government Budget and the Economy » Classification of Expenditure

Short Answer Question▾

Write in Short

What is the basis of classifying government expenditure into:

(a) Plan expenditure and non-plan expenditure

(b) Developmental expenditure and non-developmental expenditure.

Question number: 2

» Government Budget and the Economy » Classification of Expenditure

Short Answer Question▾

Write in Short

Distinguish between revenue expenditure and capital expenditure in a government budget. Give two examples of each.

Question number: 3

» Government Budget and the Economy » Classification of Expenditure

Appeared in Year: 2009

Short Answer Question▾

Write in Short

Why is repayment of loan a capital expenditure?

Question number: 4

» Government Budget and the Economy » Classification of Expenditure

Essay Question▾

Describe in Detail

Distinguish between ‘revenue expenditure’ and ‘capital expenditure’. Give two examples of

Explanation

Distinguish between revenue expenditure and capital expenditure

Distinguish between revenue expenditure and capital expenditure in detail

Characteristics

Revenue expenditure

Capital expenditure

Definition

An expenditure which neither creates assets nor reduces liability

Capital expenditure which either creates an asset or reduces liability

How we get this?

It is obtained for normal… (76 more words) …

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