Multiple Choice Questions on What is the largest item of expenditure in terms of percentage in the Union Budget 2020 21 ........ for RBI Grade B Exam Preparation

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Multiple Choice Questions

What is the largest item of expenditure in terms of percentage in the Union Budget 2020 21 ........

Finance (RBI) Public Finance The union budget
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    What is the largest item of expenditure(in terms of percentage) in the Union Budget 2020-21?

    Interest payments

    Incorrect Answer

    State’s share of taxes and duties

    Correct Answer

    Defence Expenditure

    Incorrect Answer

    None of the above

    Incorrect Answer
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    Explanation:

    The largest item of expenditure in the Union Budget 2020-21 is ‘State’s share of taxes and duties’. This item accounts to 20% share of the total expenditure of the Central Government.

    By: Srishti Gupta
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