| Development expenditure would include |
| 1. Expenditure on building roads. |
| 2. Debt service liabilities. |
| 3. Grants-in-aid. |
| 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.
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