|Development expenditure would include|
|1. Expenditure on building roads.|
|2. Debt service liabilities.|
|Select the correct answer using the codes given below.|
A) 1 and 2 only
B) 1 and 3 only
C) 2 and 3 only
D) 1, 2 and 3
Correct Answer: B
Solution :[b] Building roads and grants-in-aid are part of development expenditure. Money spent on servicing debt would not lead to development hence is not a development expenditure.
You need to login to perform this action.
You will be redirected in 3 sec