Which among the following is / are the revenue expenditure of the Government?
1. Salaries
2. Subsidies
3. Interest payments
Choose the correct option from the codes given below:

Answer: [D] 1, 2 & 3

Revenue deficit is the difference between the government’s revenue receipts and its revenue expenditure. Revenue expenditure refers to normal recurring expenses on things like salaries, subsidies and, above all, interest payments. Again, many economists feel that the revenue deficit is a more significant measure than the fiscal deficit.

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