Economics · Economy
Consider the following statements regarding fiscal classifications in the Union Budget of India: 1. Capital expenditure reflects outlays meant for creating assets or reducing liabilities, such as funding the PM Gati Shakti infrastructure project. 2. Subsidies provided by the Central Government, such as those on fertilizers or food, are classified under Capital Expenditure. 3. Grants-in-aid given by the Centre to States for creation of capital assets are accounted for as Capital Expenditure of the Central Government. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1 only
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