Expenditure on defence, interest payments, law and order maintenance and public administration expenses are generally treated as:

Related MCQs

• Old age pension is “National Old Age Pension Schemes”, “Interest payments”, “Subsidies”, “Unemployment allowances”, “Welfare benefits to weaker sections, etc.” By incurring such expenditure, the government does not get anything in return, but it adds to the welfare of the people, especially belong to the weaker sections of the society. Such expenditure basically results in redistribution of money incomes within the society.
• Expenditures incurred on civil administration, defence forces is in the nature of
• Transfer payments refer to payments, which are made:
• The difference between revenue expenditure and revenue receipts is
• The difference between total expenditure and total receipts is
• Expenditure incurred by the Government on building durable assets, like highways, multipurpose dams, irrigation projects are in the nature of
• Developmental expenditure refers to
• Psychological law of consumption states that the value of MPC is lies between zero and
• Which of the following factors contribute to public debt of a country?
• Which of the following are the causes of public debt of a country?