The public expenditure in India is classified as capital and revenue. Which of the following is/are revenue expenditure?
(i) Subsidies
(ii) Interest payments on public debt
(iii) Wages and salaries
Choose the correct answer from the code given below :
1
(i) and (ii)
2
(i) and (iii)
3
(ii) and (iii)
4
(i), (ii) and (iii)