Given below are some statements. Read th

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Given below are some statements. Read them carefully and choose the correct statement (s) from the given options.

Statement 1: Only revenue expenditure is classified as Plan and Non Plan Expenditure in budget documents of India.

Statement 2: Only capital expenditure is classified as Plan and Non Plan Expenditure in budget documents of India.

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct.

None of the given statement is correct.

Correct Answer:

None of the given statement is correct.

Explanation:

The correct answer is Option 4: None of the given statement is correct.

Both revenue expenditure as well as capital expenditure are classified as Plan and Non Plan Expenditure in budget documents of India.