GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Interest payment
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Fertiliser subsidies
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Loans to public enterprises
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Defence
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Detailed explanation-1: -The correct answer is Interest Payment.
Detailed explanation-2: -Out of these, interest payments which include interest payments on government debt-including long-term bonds, long-term loans, and other debt instruments–to domestic and foreign residents, is the most important.
Detailed explanation-3: -Non-Plan expenditure is a generic term, which is used to cover all expenditure of Government not included in the Plan. It includes both developmental and non-developmental expenditure. Part of the expenditure is obligatory in nature e.g. interest payments, pensionary charges and statutory transfers to States.
Detailed explanation-4: -Expenditure incurred on Defence Services. Interest payments for debt. Subsidies (food, fertilisers, etc.) Salaries and pensions of employees in various government services. Economic services by the government such as Agriculture, Industry, Power, Science & Technology, Loans and grants. More items •01-Feb-2023