Read the case study given below and answer the question :

The Budget document relates to the receipts and expenditure of the government for a particular financial year, the impact of it will be there in subsequent years. There is a need therefore to have two accounts, those that relate to the current financial year only one included in the revenue account ( also called revenue budget) and those that concern the assets and liabilities of the government into the capital account ( also called capital budget.)

From the following statements identify the item which is not included in Capital Budget ?

Payment of Salaries to the Staff of Government School

The correct answer is option (1) : Payment of Salaries to the Staff of Government School

Capital Budget typically deals with expenditures that are related to the creation of physical or financial assets, such as infrastructure projects, purchase of machinery, or repayment of loans. Payment of salaries is considered a revenue expenditure and is part of the revenue budget.