Which of the following item of expenditure is not a part of the plan expenditure ?
Under the old division of the Union Budget into plan and non-plan expenditure, defence was treated as non-plan spending, while agriculture, industry and social services…
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Which of the following item of expenditure is not a part of the plan expenditure ?
Answer and explanation
Correct answer B
Under the old division of the Union Budget into plan and non-plan expenditure, defence was treated as non-plan spending, while agriculture, industry and social services carried large plan outlays under the Five-Year Plans. The plan and non-plan classification was abolished from the 2017-18 Budget.
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UGC NET Economics