B.P.S.C. (CDPO) (Pre) 2018
Grants given by the Central government to state and local bodies for the development of capital assets are classified under which of the following in the Central budget?
aRevenue expenditure✓ Correct
bCapital expenditure
cContingency expenditure
dAnticipated expenditure
eNone of the above
Explanation
The grant given by the Central Government to states and local bodies for the development of capital assets is classified under Revenue Expenditure in the Union Budget. Revenue expenditure means the estimated expenditure incurred by the government in a financial year, as a result of which neither assets are created nor liabilities are reduced.
indian-history
