Consider the following statements about Union Government's Expenditure on revenue account and effective capital expenditure: 1. Effective capital expenditure as percentage of GDP has increased from 2020-21 to 2023-24. 2. Expenditure on revenue account as percentage of GDP has increased from 2020-21 to 2023-24. Which of the statements given above is/are <strong>CORRECT</strong>?
- A. 1 only ✓
- B. 2 only
- C. Both 1 and 2
- D. Neither 1 nor 2
Correct Answer: A. 1 only
Explanation
The government has consistently increased its capital expenditure as a percentage of GDP to drive growth, while attempting to consolidate and reduce revenue expenditure relative to GDP.
Related questions on Economics
- Which one among the following pairs of type of firm and feature is <strong>NOT</strong> correctly matched?
- Union Budget 2025 increased the Sectoral cap of FDI to 100 per cent from 74 per cent for:
- The practice of reducing the size of a product while maintaining its sticker price is called:
- Which one among the following statements about the Districts as Export Hubs (DEH) in India is <strong>NOT</strong> correct?
- Consider the following statements regarding Annual Periodic Labour Force Survey (PLFS) report 2023-24 by the National Statistical Organizati...