CURRENT AFFAIRS

2016

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
According to the recently released 2016 IHS Jane’s Defence Budgets report, Which country become the world’s fourth largest defence spender.
A
Pakistan
B
India
C
Russia
D
China
Explanation: 

Detailed explanation-1: -In 2016-17, while the forces projected a required total of Rs 2, 69, 243 crore, the actual expenditure during the year was Rs 2, 35, 769 crore (a shortfall of 12%). The figure below shows the difference between the amounts projected by the forces and actual expenditure between 2010-11 and 2017-18.

Detailed explanation-2: -In the year 2022, the world expend $1.981 trillion amount in defense. The budget of the country varies according to the size and population of the nation. The main factor that describes the amount is the number of persons in the military. In the year 2022 India spends $70.6 billion which is approx Rs. 5, 25, 166cr.

Detailed explanation-3: -Japan will hike its defense spending by more than a quarter in 2023 to ¥6.82 trillion ($51.4 billion) as it begins a five-year program to toughen its security posture amid rising threats from China, North Korea and Russia.

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