CBSE Class 12 Economics Solved Question Paper 2012

Short Answer Type

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Distinguish between Revenue Expenditure and Capital Expenditure in a government budget. Give examples.

Basis Revenue Expenditure Capital Expenditure
Creation of Assets It does not create assets for the government It results in the creation of assets.
Reduction of Liability These expenditures do not result in the reduction of liability These expenditures cause a reduction of the liability of the government.
Example

(a) Aids given to states and others.
(b) Interest payments.
(c) Expenditure on defence.

(a) Purchase of shares
(b) Expenditure on land, building, etc.
(c) Grants by the central government to the state government
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