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Question
From the statements given in Column I and Column II, match the correct pair of items.
| Column I | Column II |
|---|---|
| A. Revenue Expenditure | 1. Which creates no liabilities of the government |
| B. Capital Expenditure | 2. Which creates liabilities of the government |
| C. Revenue Receipt | 3. Which do not create assets of the government |
| D. Capital Receipt | 4. Which lead to creation of assets of the government |
Options
A - 3, B - 4, C - 2, D - 1
A - 1, B - 2, C - 3, D - 4
A - 4, B - 1, C - 3, D - 2
A - 3, B - 4, C - 1, D - 2
MCQ
Match the Columns
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Solution
A - 3, B - 4, C - 1, D - 2
Explanation:
| Column I | Column II |
|---|---|
| A. Revenue Expenditure | 3. Which do not create assets of the government |
| B. Capital Expenditure | 4. Which lead to creation of assets of the government |
| C. Revenue Receipt | 1. Which creates no liabilities of the government |
| D. Capital Receipt | 2. Which creates liabilities of the government |
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