Which one among the following items comprises the major portion of revenue expenditure of the Union Government of India?
- A. Salaries
- B. Interest Payments ✓
- C. Road Transport and Highways
- D. Defence Services
Correct Answer: B. Interest Payments
Explanation
Interest payments comprise the major portion of revenue expenditure of the Union Government of India (estimated to be 30.8% of total revenue expenditure in 2023-24).
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