Government's consumption expenditure is incurred on:
i. Defence services
ii. Judiciary system
iii. Construction on roads
iv. Public utilities
v. Telecom infrastructure development
vi. Provision of social security

i, ii, iii & v

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i, ii, iv, and vi

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i, ii, iii, v, & vi

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i, ii, ii, iv, v & vi

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Solution

The correct option is B i, ii, iv, and vi
Government expenditure refers to the expenditure made by the government during the period of an accounting year which forms a part of the aggregate demand in the economy which is incurred either for consumption purpose or investment purpose. The government consumption expenditure includes expenditure on defence services, judiciary system, public utilities and provision of social security.

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Government's consumption expenditure is incurred on:i. Defence servicesii. Judiciary systemiii. Construction on roadsiv. Public utilitiesv. Telecom infrastructure developmentvi. Provision of social security

Government's consumption expenditure is incurred on:
i. Defence services
ii. Judiciary system
iii. Construction on roads
iv. Public utilities
v. Telecom infrastructure development
vi. Provision of social security