Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves
- I=interest payments
- II=subsidies
- III=defence
- IV=irrigation
A. I, II
B. I
C. I, II, III
D. II, III, IV
Answer: Option C
Solution (By Examveda Team)
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves interest payments, subsidies and defence.This Question Belongs to General Knowledge >> Indian Economy
What is meant by development and non development expenditure and how it is related to these options