47. Which of the following comes under the category of Non plan revenue Expenditure?
1. Interest payment on the Loan taken by Government of India
2. Grant to Foreign Government
3. Defence equipment and modernization
4. SubsidiesSelect the correct answer
using the code given below
47. Which of the following comes under the category of Non plan revenue Expenditure?
1. Interest payment on the Loan taken by Government of India
2. Grant to Foreign Government
3. Defence equipment and modernization
4. SubsidiesSelect the correct answer
using the code given below
The correct option is A Only 1, 2 and 3
Defence Equipment and modernization falls under non plan capital expenditure while the rest falls under the category of non-plan Revenue expenditure.
Non-plan revenue expenditure:
1.Interest payments on the loans taken by Government of India
2. Expenditure incurred on Defence Services (except Defence Equipment which is a capital expenditure)
3. Subsidies
4. Grants to the states and UTs, including those from calamity fund
5. Pensions, Social services such as healthcare, education, social security etc.
6. Police
7. Economic services by the government such as Agriculture, Industry, Power, Science & Technology
8. Grants to foreign Governments
Defence Equipment and modernization falls under non plan capital expenditure while the rest falls under the category of non-plan Revenue expenditure.
Non-plan revenue expenditure:
1.Interest payments on the loans taken by Government of India
2. Expenditure incurred on Defence Services (except Defence Equipment which is a capital expenditure)
3. Subsidies
4. Grants to the states and UTs, including those from calamity fund
5. Pensions, Social services such as healthcare, education, social security etc.
6. Police
7. Economic services by the government such as Agriculture, Industry, Power, Science & Technology
8. Grants to foreign Governments
