Fill in the blank: Expenditures that are related to the maintenance of law and order, such as police and jails, are considered ___ expenditures. |
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Fill in the blank: Transfer expenditure includes payments such as ___ and sickness benefits. |
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True or False: Developmental expenditure contributes directly to economic and social development. |
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To increase the production of goods and services in a nation by investing in physical assets and human capital. |
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Fill in the blank: Constant expenditure remains constant regardless of usage and includes ___ spending. |
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Non-developmental expenditure maintains essential services.
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Multiple Choice: Which of the following is an example of capital expenditure? A) Sickness benefits B) Building a new highway C) Defence spending D) Education funding |
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Public expenditure increases due to substantial interest payments on ___ borrowings. |
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True or False: The rise in prices following World War II did not impact government spending. |
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False Price rises increased government spending.
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Urbanization has led to higher public spending on civil administration, education, water supply, and parks. |
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Fill in the blank: Increased public spending is necessary for providing old-age pensions, sickness benefits, and ___ to industrial workers. |
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Administrative expansion boosts public spending.
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Increased public spending funds various benefits.
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