In the context of Budget, which of the following is included in the revenue expenditure? I. Salaries of government employees II. Pensions of government employees
Answer
The correct answer is C: Both I and II. Revenue expenditure includes day-to-day operational costs like salaries and pensions of government employees, as they do not create assets.
A.Only I
B.Only II
C.Both I and II✓ Correct
D.Neither I nor II
Explanation
Revenue expenditure includes day-to-day operational costs like salaries and pensions of government employees, as they do not create assets.
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