Teaching MPPSC Assistant Professor Mock Test Series 2025 General Knowledge Economy Money and Banking
Consider the following statements with respect to the Plan and Non-Plan Expenditure in the Budget:
1. The terminology of Plan and Non-Plan Expenditure was used in Indian public finance since the establishment of the Planning Commission in India.
2. Planned expenditure usually includes all asset creating and productive expenditures.
3. The practice of classification of expenditure as Plan and Non-Plan Expenditure has been discontinued.
Which of the statements given above is/are correct?
1
1 and 2 only
2
2 only
3
1 and 3 only
4
2 and 3 only