Economics · Public Finance and Budget
Which of the following statements concerning expenditure in a budget document are correct? I. Budget documents classify total expenditure into plan and non-plan expenditure. II. Plan expenditure covers a vast range of general, economic and social services of the government. III. Non-plan revenue expenditure relates to central plans (the Five-Year Plans) and central assistance for State and Union Territory plans. IV. The main items of non-plan expenditure are interest payments, defence services, subsidies, salaries and pensions.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I and IV✓
- 2II and III
- 3II and IV
- 4II, III and IV
Correct answer
I and IV
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