Choose the correctly matched pair from the following:

Column A Column B

(1) 1955 (a)WTO

(2) 1991 (b) GATT

(3) 1969 (c)MRTP

(4) 1948 (d) Economic reforms

Public expenditure on relief from natural calamities is a type of:

The distinction between public expenditure on social services and economic services is based on:

The difference between revenue expenditure and revenue receipts is known as the:

The budget of a country's defense is a form of:

A key feature of exhaustive expenditure is that it:

The increase in public expenditure due to a natural disaster is an example of:

Which of the following is considered an unproductive expenditure?

Expenditure on the purchase of a new computer for a government office is a:

The government's expenditure on interest payments on its debt is a:

An example of a "common benefit" public expenditure is:

Which of the following is not a category under the functional classification of public expenditure?

According to the classification based on benefit, expenditure on public goods like street lighting is:

The repayment of a loan to a foreign country is a:

The classification of public expenditure as productive and unproductive is based on:

An expenditure on the construction of a new bridge is an example of:

The salary paid to the army personnel is classified as:

Transfer payments are a type of public expenditure that:

Which of the following is a key characteristic of non-developmental expenditure?

What is the primary difference between plan and non-plan expenditure?

Expenditure on subsidies to farmers is an example of:

Which of the following would be classified as a capital receipt for the government?

Maintenance of existing assets is considered an operational expense, as it is a recurring cost that doesn't create a new asset or significantly increase the value of an existing one.

An expenditure on the maintenance of existing public parks is a:

Capital expenditure is an expenditure that:

Which of the following is an example of revenue expenditure?

Which of the following is a drawback of excessive public expenditure?

What is the impact of public expenditure on employment?

Which of the following describes the transfer payments component of public expenditure?

Which of the following describes the **transfer payments** component of public expenditure?

How does public expenditure act as a tool for **redistribution of income and wealth?

What is the economic term for the situation where an increase in government borrowing to finance public expenditure leads to an increase in interest rates and a decrease in private investment?

The canon of benefit' of public expenditure states that spending should be:

Which of the following is a primary goal of public expenditure related to economic stabilization?

Public expenditure on health and education is considered to be **'social expenditure'** because it:

How does public expenditure on infrastructure (e.g., roads, railways) typically affect the economy?

Which of the following is a primary **source of financing** for public expenditure?

What is the main difference between revenue expenditure and capital expenditure?

The **Keynesian** view on public expenditure during a recession suggests that the government should:

Which of the following is an example of **non-developmental public expenditure?

What is meant by the **'canon of sanction'** in public expenditure?

An increase in public expenditure, without a corresponding increase in output, is most likely to cause:

The term **'fiscal deficit'** primarily represents:

Which type of public expenditure is most likely to have a direct and immediate impact on a country's long-term productive capacity?

How does public expenditure on social welfare programs affect income distribution?

Which of the following is a key **principle of public expenditure**?

The **Wiseman-Peacock Hypothesis** explains the growth of public expenditure as a result of a 'displacement effect.' What does this effect refer to?

The **Wagner's Law** of increasing state activities suggests that as a nation's per capita income rises, public expenditure will:

Which of the following is an example of **capital expenditure**?

According to the classification of public expenditure, what category does the salary paid to government employees fall under?