Revenue and Capital Expenditure — Prelims Questions

Which of the following expenditures would be classified as Capital Expenditure by the Government of India?

Consider the following statements regarding government expenditure in India: 1. Revenue expenditure always leads to the creation of productive assets. 2. Effective Revenue Deficit is calculated by subtracting grants for capital asset creation from the Revenue Deficit. 3. The Fiscal Responsibility and Budget Management (FRBM) Act primarily aims to increase revenue expenditure.

Which constitutional article mandates the presentation of the Annual Financial Statement (Union Budget) to Parliament, detailing estimated receipts and expenditures?

The 'multiplier effect' is generally considered to be higher for which type of government expenditure?

Which of the following is NOT a characteristic of Revenue Expenditure?