Government Budget and the Economy-Classification of Expenditure [CBSE (Central Board of Secondary Education) Class-12 Economics]: Questions 1 - 4 of 4

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Question 1

Write in Short Short Answer▾

What is the basis of classifying government expenditure into:

(a) Plan expenditure and non-plan expenditure

(b) Developmental expenditure and non-developmental expenditure.

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Question 2

Write in Short Short Answer▾

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

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Question 3

Appeared in Year: 2009

Write in Short Short Answer▾

Why is repayment of loan a capital expenditure?

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Question 4

Describe in Detail Subjective▾

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

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Explanation

Distinguish between Revenue Expenditure and Capital Expenditure in Detail
CharacteristicsRevenue expenditureCapital expenditure
DefinitionAn expenditure which neither creates assets nor reduces liabilityCapital expenditure which either creates an asset or reduces liability

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