Which one of the following is the largest item of expenditure of the Government of India on revenue account?
A)defense
B)pensions
C)subsidies
D)interest payments

Name: Which one of the following is the largest item of expenditure of the Government of India on revenue account? A)defense B)pensions C)subsidies D)interest payments
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Question

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Interest payments are the largest item of expenditure on the revenue account for the Government of India, as they represent the cost of borrowing funds.

Which One of the Following Is the Largest Item of Expenditure