state gov TSPSC Group 2 (తెలంగాణ గ్రూప్ 2) Mock Test Series General Knowledge Economy Money and Banking
Consider the following-
1. Revenue receipts is divided into Tax and Non-Tax revenue.
2. Revenue expenditure is expenditure incurred for purposes other than the creation of physical or financial assets.
3. Capital expenditure is the expenditure of the government which result in creation of physical or financial assets or financial liabilities.
Which of the above statements is/are correct?
1
1 and 3 only
2
1 and 2 only
3
2 and 3 only
4
1,2 and 3