Civil Services TNPSC Group 1 (New Syllabus) Mock Test 2025 General Knowledge Economy Money and Banking
Which of the following statements is correct regarding Capital Expenditure?
I. Capital expenditure result in creation of physical or financial assets or reduction in financial liabilities.
II. Non-plan capital expenditure covers various general, social and economic services provided by the government.
1
Only I
2
Only II
3
Neither I nor II
4
Both I and II