Fiscal Policy - Public Expenditure and Debt
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Money spend on minting of coins and printing of currency notes is aMarks:1
Explanation:Non-development expenditure is not concerned with the economic development activity, and money spend on minting of coins and printing of currency notes is not for development purpose.
Loans to foreign government is aMarks:1
Explanation:Capital expenditure leads to creation of assets, and by giving loans to foreign government, government create assets.
Expenditure on defence of the country is considered asMarks:1
Explanation:Expenditure on defence of the country is an unplanned expenditure. Such expenditure is not specified under the five year plans.
The expenditure incurred by the government to fulfill its planned development is calledMarks:1
Explanation:Plan expenditure refers to that expenditure which is incurred by the government to fulfill its planned development programmes which are laid down under the five year plans.
The provision of expenditure every year according to plan proposals is calledMarks:1
Plan expenditure is that public expenditure which represents current and investment outlays that arises due to plan proposals.