EduFarming
Your list · 0हिं

Type at least two letters. Press Esc to close.

↑↓ navigate↵ openTAB cycle filter

Government Budget: Receipts & Expenditure · Question 43 of 57

Question 43

MediumOriginal question

Grants given by the central government to state governments are, for the centre,

Options for question 43

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. The centre does not own any asset created with a grant, and the grant is not repaid.

  2. So, for the centre, a grant is revenue expenditure.

Concept
Grants to states
Typical time
70 s
Your time
—
The rule this testsRevenue and capital expenditure
Practise this chapter →

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Practise this chapter →

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Practise this chapterAll 57 questions in Government Budget: Receipts & ExpenditureRevise the notes for Government Budget: Receipts & Expenditure