The 'Revenue deficit' indicates that the government's: MCQ with Answer and Explanation

Explanation:
The circular flow of income is a macroeconomic concept that shows the continuous movement of goods, services and money between households, firms, government and the external sector.

Explanation:
The Banking Ombudsman scheme was introduced in 1995.

Explanation:
Revenue expenditure does not create assets or reduce liabilities. Interest payments are a major component of revenue expenditure. Acquisition of land, loans and construction create assets and are capital expenditure.