Construction of flyover is a revenue expenditure of the government.

True

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False

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Solution

The correct option is B False
Construction of flyover is not a revenue expenditure because revenue expenditure refers to the estimated expenditure in a fiscal year which does not create assets for the government or cause reduction in liabilities for the government.

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Similar questions

Comment on the following statements as true or false, with a reason.

(i) Construction of school-building is a revenue expenditure of the government.

(ii) Gift tax is a capital receipt.

(iii) Dividends on investment made by government is a revenue receipt.

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