UPSC EPFO APFC Test MCQ Anmol Vachan

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EPFO accelerator program ( 14 September start ) ✅Daily 10 PM Bot Quiz: Practice 30 targeted MCQs every day (Sunday OFF). ✅30 MCQ with details explanation ( maths reasoning 15 MCQ without explanation) ✅ subject cover - English, Current Affairs, Maths, Reasoning, Science Computer, Labour Law, Industrial Relations, Social Security, Accounting, Auditing, Insurance, History & Culture, Polity, Economy ✅Structured Preparation: Full syllabus schedule included to keep you on track. ✅24/7 Revision: Missed the quiz? MCQs are available anytime for seamless revision. ✅Massive Question Bank: Gain access to a total of 3000+ MCQs. ✅Pre-Enrollment Fee: ₹499 (Active Now) ✅Standard Fee: ₹599 Enroll - @EPFO_admin_bot

Q) How the Cast Iron is different from Wrought Iron? 1)Cast iron have higher carbon content than wrought iron 2)Cast iron are more ductile compared to wrought iron 3)Wrought iron is more stable, pure and stronger, compared to cast iron Select the correct option from the codes given below:

EPFO accelerator program ( 14 September start ) ✅Daily 10 PM Bot Quiz: Practice 30 targeted MCQs every day (Sunday OFF). ✅30 MCQ with details explanation ( maths reasoning 15 MCQ without explanation) ✅ subject cover - English, Current Affairs, Maths, Reasoning, Science Computer, Labour Law, Industrial Relations, Social Security, Accounting, Auditing, Insurance, History & Culture, Polity, Economy ✅Structured Preparation: Full syllabus schedule included to keep you on track. ✅24/7 Revision: Missed the quiz? MCQs are available anytime for seamless revision. ✅Massive Question Bank: Gain access to a total of 3000+ MCQs. ✅Pre-Enrollment Fee: ₹499 (Active Now) ✅Standard Fee: ₹599 Enroll - @EPFO_admin_bot

🟩 REVENUE EXPENDITURE (REVEX) 🔹 Meaning: Revenue expenditure is expenditure incurred for the normal functioning and day-to-day operations of the government and generally does not result in creation/acquisition of assets or reduction of liabilities. 🔹 Key Features • Mainly related to running and maintaining government services. • Generally recurring in nature. • Normally does not create/acquire a new asset. • Includes expenditure necessary for the administration and functioning of government. • Recorded under the Revenue Account. 🔹 Major Examples • Salaries and wages of government employees. • Pensions. • Interest payments on government debt. • Subsidies. • Administrative expenses. • Routine repair and maintenance expenditure. • Grants-in-aid for various purposes. 🔹 Importance Revenue expenditure is necessary for: • Running government departments and institutions. • Providing public services. • Maintaining existing infrastructure and assets. • Meeting social-welfare commitments. • Servicing government debt. ⭐ Important Exam Trap Revenue expenditure ≠ unproductive expenditure. For example: • Education expenditure → can be Revenue Expenditure. • Healthcare expenditure → can be Revenue Expenditure. • Salaries of teachers/doctors → Revenue Expenditure. 👉 Such expenditure may contribute to human capital formation, but its accounting classification can still be Revenue Expenditure.

🟦 CAPITAL EXPENDITURE (CAPEX) 🔹 Meaning: Capital expenditure is expenditure incurred by the government that creates/acquires assets, enhances the utility/productive capacity of existing assets, or leads to reduction of certain government liabilities. 🔹 Key Features • Creates or acquires physical assets and certain financial assets/investments. • Enhances the productive capacity of the economy. • Can lead to reduction of government liabilities. • Generally provides long-term benefits. • Recorded under the Capital Account of government accounts. 🔹 Major Examples • Construction of roads, bridges, railways, ports and airports. • Construction of government buildings. • Purchase of machinery, equipment and other capital assets. • Land acquisition. • Government investment in shares/equity. • Loans and advances given by the government. • Expenditure that leads to reduction of government liabilities. 🔹 Importance • Builds economic infrastructure. • Increases productive capacity. • Can generate employment opportunities. • Can crowd-in private investment. • Generally contributes to long-term economic growth. ⭐ Exam Point Capital expenditure is not restricted to creation of physical assets. Government investments and certain loans & advances can also be classified as capital expenditure.