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    Question

    Read the following about the Revenue expenditure. 

    A. Revenue Expenditure is expenditure incurred for purposes other than the creation of physical or financial assets of the central government.  B. It relates to those expenses incurred for the normal functioning of the government departments and various services, interest payments on debt incurred by the government, and grants given to state governments and other parties (even though some of the grants may be meant for creation of assets). Identify the INCORRECT statement/statements. 
    A Only A Correct Answer Incorrect Answer
    B Neither A nor B Correct Answer Incorrect Answer
    C Only B Correct Answer Incorrect Answer
    D Both A and B Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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