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Question
Government expenditure on Mid-Day Meal scheme running in government (state run) schools is a type of ______ expenditure in government budget.
Options
Capital expenditure
Revenue expenditure
Development expenditure
None of these
Solution
Government expenditure on Mid-Day Meal scheme running in government (state run) schools is a type of revenue expenditure expenditure in government budget.
Explanation:
Government expenditure on the Mid-Day Meal scheme is classified as revenue expenditure because it involves spending on recurring activities like providing meals in government-run schools. Revenue expenditure refers to the day-to-day operational costs incurred by the government to run programmes and provide public services, which do not result in the creation of assets.
