In India the largest single item of current government expenditure

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In India the largest single item of current government expenditure

Home » Indian Economy » Indian economy miscellaneous » Question

In India the largest single item of current government expenditure is

1. Defence Expenditure
2. Interest payment of debt
3. Payment of subsidies
4. Investment in social overheads

Correct Option: B

Interest payments are the single largest item of expenditure. They account for more than 40% of the total non-development expenditure. These items of expenditure are charged on the Consolidated Fund of India and are not required to be voted by the Lok Sabha.