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Q:

The largest single item of current government expenditure in India is:

  • 1
    Defense expenditure
  • 2
    Interest payment of loan
  • 3
    Payment of subsidy
  • 4
    Investment in social overheads
  • Show Answer
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Answer : 2. "Interest payment of loan"
Explanation :

In India, interest payments on debt are the largest single item in terms of current government expenditure.

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Basic GK Economics GK

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