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Which one of the following is a development expenditure ?
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- Irrigation expenditure
- Administration
- Debt services
- Grant-in-aid
Correct Option: A
The important heads of developmental expenditure within the revenue account are (i) social and community services, (ii) economic services and (iii) grants-in-aid to states and union territories. The largest component in this group is economic services. Economic services include general economic services, agriculture and allied services, industry; and minerals, water and power development, transport and communication, railways, post and telegraphs etc.