Question

Which among the following is a component of revenue expenditure of the government?

• A. Expenditure on general services
• B. Expenditure on economic services
• C. Grants
• D. All of the above

Answer 1

The correct option is D All of the above

Revenue expenditure are all such types of government expenditure that does not create any assets for the government or does not cause any reduction in the liability of the government. These expenditures are mainly conducted to provide smooth functioning of government activities and related services. These expenditure includes expenditure on general services, economic services and grants provided to states or member countries.