Economics · Fiscal Policy
The concept of 'Effective Capital Expenditure' includes Capital Expenditure and which other component?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Loans to State Governments
- 2Revenue expenditure on defense
- 3Grants-in-aid for creation of capital assets✓
- 4Interest Payments on external debt
Correct answer
Grants-in-aid for creation of capital assets
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