Economics · Economy
With reference to Centrally Sponsored Schemes (CSS) and Central Sector Schemes (CS) in India, consider the following statements: I. In Central Sector Schemes, the entire expenditure is generally borne by the Government of India, whereas in Centrally Sponsored Schemes the expenditure is shared between the Union and the States according to a specified formula. II. Under the Union Budget framework, schemes classified as CSS and CS are subject to a periodic review mechanism linked to the Finance Commission cycle. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I only✓
- 2II only
- 3Both I and II
- 4Neither I nor II
Correct answer
I only
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