📝 Multiple Choice Question
Economics
Which of the following is true regarding Revenue expenditure?
A
It creates physical or financial assets
B
It reduces the government's liabilities
C
It is related to the creation of long-term infrastructure
D
It neither creates assets nor reduces liabilities
Explanation
Revenue expenditure refers to the routine, recurring expenses of the government (such as salaries and interest payments) that neither result in asset creation nor reduce existing liabilities.
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