Q. With reference to the classification of Planned and non-planned expenditure, consider the following statements:
Which of the statements given above is/are correct?
A
1 only
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B
2 only
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C
1 and 2 only
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D
Neither 1 nor 2
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Solution
The correct option is A 1 only
Explanation:
Statement 1 is correct: Planned expenditure is related to expenditure made to fulfill targets of five-year plans.
Statement 2 is incorrect: Since 2017-18, the classification of expenditure as planned and non-planned has been done away with. This is because five-year plans have been abolished since 2017.