What is the main objective of public expenditure?

To generate profits for the government.

To maintain the government's budget surplus.

To benefit society as a whole and support government activities.

To promote private sector investments.

Why did the misbelief about public expenditure being wasteful die down in the twentieth century?

Due to the increase in economic inefficiency.

Following the Second World War.

Due to the rise of laissez-faire economics.

What is a common reason for the increase in public expenditure in many countries?

Emphasis on laissez-faire economics.

Expansion of government activities for socio-economic development.

What is the main principle behind the canon of benefit in public expenditure?

Providing benefits to specific groups.

What does the canon of economy in public expenditure refer to?

Maximizing government spending.

Promoting wasteful expenditure.

Ensuring efficient and productive spending.

What is the main purpose of the canon of surplus in public expenditure?

To encourage deficit financing.

To prioritize economic infrastructure.

How can public expenditure be used as a fiscal policy instrument during an economic depression?

By increasing deficit financing.

By reducing government spending.

By focusing on surplus budgeting.

By decreasing external assistance.

What is the significance of economic infrastructure in economic development?

It creates social benefits only.

It helps in political stability.

It supports economic growth by providing essential facilities.

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