Are the following statements true or false? Give reasons.
Expenditure made on the development of a railway line is a capital expenditure.
Expenditure made on the development of a railway line is a capital expenditure.
Download our app for free and get started
True.
Reason: This expenditure creates an asset for the railway and government.
Note: As per CBSE guidelines, no marks will be given if reason to the answer is not explained.
Reason: This expenditure creates an asset for the railway and government.
Note: As per CBSE guidelines, no marks will be given if reason to the answer is not explained.
Download our appand get started for free
Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*
Similar Questions
- 1View SolutionAre the following statements true or false? Give reasons.
Rise in revenue deficit will always lead to higher fiscal deficit. - 2View SolutionAre the following statements true or false? Give reasons.
Primary deficit is the difference between capital deficit and interest payments. - 3View SolutionBudget shows monetary policy of the government. (True/ False)
- 4View SolutionBorrowings by the government are capital receipts. (True/ False)
- 5View SolutionRevenue expenditure does not create assets for the government. (True/ False)
- 6View SolutionAre the following statements true or false? Give reasons.
Service tax is a indirect tax as its impact and incidence is on the same individual. - 7View SolutionBudget is in surplus when the last year receipts of the government greater than last years' expenditure of the government. (True/ False)
- 8View SolutionPrimary Deficit = Fiscal deficit + Interest payment (True/ False).
- 9View SolutionAre the following statements true or false? Give reasons.
Fiscal deficit is non-inflationary. - 10View SolutionWhen total expenditure = 55,250, total receipts = 46,400, revenue receipts = 8,200 and borrowings = 9,000, then fiscal deficit = 650. (True/ False)