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Government Budget and Economy — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsGovernment Budget and Economy1 Mark
Question
Expenditure on interest payment is a capital expenditure. (True/ False)
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Answer

False.
Explanation:
Expenditure on interest payment is revenue expenditure because it neither creates assets nor causes a reduction in liabilities of the government.

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