In the context of public expenditure, 'Capital Expenditure' is characterised by: MCQ with Answer and Explanation

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In the context of public expenditure, 'Capital Expenditure' is characterised by:

A. Creation of assets or reduction of liabilities

B. No creation of assets

C. Only payment of salaries

D. Only payment of interest

Answer: Option A

Solution (By JKSSB Mock Tests)

Capital expenditure leads to the creation of assets (such as infrastructure) or reduction of liabilities (such as repayment of loans).

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'World Trade Organization' is headquartered in:

A. Washington D.C.

B. Paris

C. New York

D. Geneva

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Correct Answer: Option D

Explanation:
The World Trade Organization is headquartered in Geneva, Switzerland.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'GST compensation cess' is levied on which goods?

A. luxury and sin goods

B. all goods

C. agricultural produce only

D. essential food items

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Correct Answer: Option A

Explanation:
GST compensation cess is levied on luxury and sin goods.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'PM Formalization of Micro Food Processing Enterprises' scheme is associated with which sector?

A. Textiles

B. IT services

C. Steel

D. Food processing

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Correct Answer: Option D

Explanation:
PM FME scheme supports micro food processing enterprises.

This question belongs to: Economy GK Economy Set 1

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