state gov BPSC Assistant Revenue & Accounts Officer Test Series 2025 General Knowledge Economy Money and Banking
Given below are two statements :
Statement I: Development expenditure of the Central Government does not include defense expenditure and grants to states.
Statement II: Non-development expenditure involves Interest payments and Subsidies.
In the light of the above statements, choose the most appropriate answer from the options given below:
1
Both Statement I and Statement Il are correct
2
Both Statement I and Statement II are incorrect
3
Statement I is correct and Statement II is incorrect
4
Statement I is incorrect and Statement II is correct