India has scaled back expenditure, including on productive assets that aid economic growth, as the government is confronted with the risk of its budget deficit blowing out. Capital expenditure-the money spent on creating, maintaining or improving fixed assets like roads and factories - stood at 40% of the budgeted amount in the six months to September, down from 55.5% in the year-ago period, data from the government's Controller General of Accounts show. The overall spending during the period was 49% of the budget aim compared to 53% last year. That's despite Prime Minister Narendra Modi's Government outlining measures worth more than 21 trillion rupees (![]() |
Source: Business Standard, Nov. 5, 2020 |
Capital expenditure of the government ............ the assets of the government |
A) increases
B) decreases
C) Both [a] and [b]
D) None of these
Correct Answer: A
Solution :
[a] increasesYou need to login to perform this action.
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