2024 · Q105
Which one among the following items comprises the major portion of revenue expenditure of the Union Government of India ?
General KnowledgeIndian Economy
- ASalaries
- BInterest Payments
- CRoad Transport and Highways
- DDefence Services
Explanation
Interest payments on the Union government's accumulated debt constitute the single largest item of revenue expenditure, exceeding outlays on salaries, defence services and road transport. This reflects the large fiscal deficit financed through borrowings over the years. Hence option B is correct.