Which of the following is a component of revenue expenditure of the government?
A. Expenditure on construction of roads
B. Expenditure on acquisition of land
C. Loans to state governments
D. Interest payments
Answer: Option D
Solution (By JKSSB Mock Tests)
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.
Explanation:
In the data and attention economy, the ability to collect, process and monetise large volumes of personal and behavioural data, as well as to capture user attention, has become a central source of economic value.
Explanation:
A developed money market features a variety of short-term instruments, high liquidity, low transaction costs and active participation by financial institutions.
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