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Which of the following is/are forming part of the revenue expenditure of the Government of India?
1. Administrative expenditure
2. Loans given to the state governments
3. Interest payments on market loans
Select the correct answer from the code given below :
- a)3 only
- b)1 and 3 only
- c)1 and 2 only
- d)2 and 3 only
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Which of the following is/are forming part of the revenue expenditure ...
- Revenue expenditures refer to the day-to-day expenditures incurred by the government to ensure its normal functioning. Interest payments on the debt incurred by the government, defense purchases, administrative expenditures, and wage bills are all a part of the government’s revenue expenditure. So, Statements 1 and 3 are correct.
- Loans are given to the state government by the central government for various purposes. Such loans are considered the Centre’s capital expenditure as these are treated as assets from which the Centre derives interest. On the contrary, all grants given to State Governments/Union Territories and other parties are also treated as revenue expenditure, even though some of the grants may be used for the creation of assets. So, Statement 2 is not correct.
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Which of the following is/are forming part of the revenue expenditure ...
Administrative expenditure:
- Administrative expenditure includes the day-to-day operational costs of running the government machinery. This includes expenses related to salaries, office supplies, maintenance, utilities, etc. These expenses are recurring in nature and form part of the revenue expenditure of the Government of India.
Interest payments on market loans:
- Interest payments on market loans are the payments made by the government to service the interest on the loans it has taken from the market. This interest payment is a recurring expense and falls under the revenue expenditure category.
Loans given to the state governments:
- Loans given to the state governments do not form part of the revenue expenditure of the Government of India. These loans are typically classified as capital expenditure as they are investments made by the government that are expected to yield returns in the future.
Therefore, out of the options provided, only administrative expenditure and interest payments on market loans form part of the revenue expenditure of the Government of India. Hence, the correct answer is option B - 1 and 3 only.
- Administrative expenditure includes the day-to-day operational costs of running the government machinery. This includes expenses related to salaries, office supplies, maintenance, utilities, etc. These expenses are recurring in nature and form part of the revenue expenditure of the Government of India.
Interest payments on market loans:
- Interest payments on market loans are the payments made by the government to service the interest on the loans it has taken from the market. This interest payment is a recurring expense and falls under the revenue expenditure category.
Loans given to the state governments:
- Loans given to the state governments do not form part of the revenue expenditure of the Government of India. These loans are typically classified as capital expenditure as they are investments made by the government that are expected to yield returns in the future.
Therefore, out of the options provided, only administrative expenditure and interest payments on market loans form part of the revenue expenditure of the Government of India. Hence, the correct answer is option B - 1 and 3 only.
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Which of the following is/are forming part of the revenue expenditure of the Government of India?1. Administrative expenditure2. Loans given to the state governments3. Interest payments on market loansSelect the correct answer from the code given below :a)3 onlyb)1 and 3 onlyc)1 and 2 onlyd)2 and 3 onlyCorrect answer is option 'B'. Can you explain this answer?
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