Options: the difference between current expenditure and current revenue, net increase in Union Governments borrowings from the Reserve Bank of India, the sum of budgetary deficit and net increase in internal and external borrowings, the sum of monetized deficit and budgetary deficit
Since independence, both development and non-development expenditures have increased; the increase in the former being a little more than in the other. Non-development expenditure involves interest payments subsidies defence irrigation
What is the purpose of 'United Nations Conference on Trade and Development' (UNCTAD)?
Options: Promotes International Trade with a view to accelerate economic growth of developing countries, Promotes International Monetary co-operation & expansion of International Trade, Set rules for World Trade, None of the above