CBSE 2021 Class 12 Economics Term 1 Paper

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SECTION-C
Q.No. 49-54 are to be answered on the basis of following data:
 S,No.  Items  Budget Expenditure 2020-21 (percentage of GDP)
 (i)  Revenue Receipts  20.21
 (ii)  Gross Tax Receipts  24.23
 (iii)  Net Tax Receipts  16.36
 (iv)  Non - Tax Receipts  3.85
 (v)  Non-debt Capital Receipts  2.25
 (vi)  Non-debt Receipts  22.46
 (vii)  Total Expenditure  30.42
 (viii)  Revenue Expenditure  26.30
 (ix)  Capital Expenditure  4.12
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Question : 53
Total: 60
Expenditure on old-age pensions is an example of ______ expenditure. (Choose the correct alternative):
Solution:  
(b) revenue
Explanation:
Revenue expenditure is that part of government expenditure that doesn't result in the creation of assets payment of pension is fall into this category.
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