Question

S. No.	Items	Budget Expenditure 2020-21 (percentage of GDP)
(i)	Revenue Receipts	20.21
(ii)	Gross Tax Receipts	24.23
(iii)	Net Tax Receipts	16.36
(iv)	Non-Tax Receipts	3.85
(v)	Non-debt Capital Receipts	2.25
(vi)	Non-debt Receipts	22.46
(vii)	Total Expenditure	30.42
(viii)	Revenue Expenditure	26.30
(ix)	Capital Expenditure	4.12

Expenditure on old-age pensions is an example of ______ expenditure.

Options

• capital

• revenue

• debt creating

• asset creation

Answer 1

Expenditure on old-age pensions is an example of revenue expenditure.

Explanation:

Spending that does not increase the government's assets or decrease its liabilities is referred to as revenue expenditure. One example is an old age pension.