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‘Under the Ayushmaan Bharat Scheme, the Government provides free medicines to the economically backward section of the society’. Identify - Economics

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Question

‘Under the Ayushmaan Bharat Scheme, the Government provides free medicines to the economically backward section of the society’.

Identify and discuss the nature of the government expenditure indicated in the given statement.

Short/Brief Note
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Solution

Expenditure incurred by the government under Ayushmaan Bharat Scheme for providing free medicines to the economically backward section does not lead to any creation of assets or reduction in liabilities. Hence, it can be classified as revenue expenditure.

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2023-2024 (March) Board Sample Paper

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