34.
Read the following about Revenue Expenditure.
A. Revenue Expenditure is expenditure incurred for purposes other than the creation of physical or financial assets of the central government.
B. It relates to expenses incurred for the normal functioning of the government departments and various services, interest payments on debt incurred by the government, and grants given to state governments and other parties (even though some grants may be meant for creation of assets).
Identify the INCORRECT statement/statements.