Which among the following is / are Revenue Expenditures of the Government?
1.Loan from Government of India to States
2.Interest paid by Government of India on loans taken from IMF
3.Subsidies & Grants
4.Expenditure on acquisition of defense equipments
Choose the correct option from the codes given below:

Answer: [B] Only 2 & 3

Expenditure on acquisition of defense equipments is counted under capital expenditure. Similarly, loan from Government of India to States is counted under capital expenditure.

This question is a part of GKToday's Integrated IAS General Studies Module