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Which of the following is a key component of a state's revenue expenditure?

AInterest payments on loans

BPurchase of military equipment

CGrants to local governments

DSalaries and pensions of government employees

Answer:

D. Salaries and pensions of government employees

Read Explanation:

  • Revenue expenditure covers recurring expenses for the day-to-day functioning of the government, which do not create assets.

  • Salaries and pensions are prime examples.


Related Questions:

Consider the following statements regarding the unemployment rates (usual status ps+ss, for persons aged 15 years and above) as per the PLFS conducted from July 2023 to June 2024. Which of the statements are correct?

  1. Kerala recorded an unemployment rate of 7.2 per cent.
  2. The all-India unemployment rate stood at 3.2 per cent.
  3. The unemployment rate in Kerala was lower than the all-India average.
  4. The all-India unemployment rate significantly increased from 2022-23 to 2023-24.
    Which of the following is the most significant factor that contributes to a high per capita income in a district?
    Kerala's high PQLI is attributed to a unique development experience with heavy emphasis on which two sectors?

    Which of the following statements correctly describe the economic changes brought about by large-scale migration and flow of remittances to Kerala?

    1. It led to an unprecedented economic downturn in Kerala.
    2. It resulted in unprecedented economic change in Kerala.
    3. The changes were primarily limited to the agricultural sector.
    4. Widespread changes occurred in the labour market, consumption, savings, and investment.

      Which department has launched schemes aimed at the welfare of LGBT individuals in Kerala?

      1. The Department of Health and Family Welfare has launched schemes for the welfare of LGBT individuals.
      2. The Social Justice Department exclusively handles LGBT welfare.
      3. The Department of Tourism initiated programs for LGBT individuals.