Multiple Choice Questions on Subsidies and expenditure on scholarship are example of ........ for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

Subsidies and expenditure on scholarship are example of ........

Introductory Macro Economics Government Budget and Economy
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    Subsidies and expenditure on scholarship are example of:

     

    Revenue Expenditure

    Correct Answer

    Capital Expenditure

     

    Incorrect Answer

    Revenue receipts 

    Incorrect Answer

    Capital Receipts
     

    Incorrect Answer
    Explanation:

    Option (1) is correct.

    Explanation: As the expenditure on subsidies and on scholarships do not create an asset nor does it reduce a liability, so it is an example of revenue expenditure

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