Arrange the following sectors in descending order as per the union government capital expenditure amount for FY2023-24:
(A) Defence Services
(B) Railways
(C) Road Transport and Highways
(D) Telecommunications
Choose the correct answer from the options given below:
Step 1: Government Capital Expenditure Overview. The union government's budget allocation is sectorally divided according to financial priorities. These sectors must be arranged in descending order of allocation.
Step 2: Capital Expenditure Distribution Analysis. Capital expenditure is distributed across sectors as follows: (A) Defence Services typically receive the largest allocation due to national security imperatives. (D) Telecommunications have experienced substantial investment, particularly in infrastructure. (C) Road Transport and Highways garner a significant portion of the budget for infrastructure development. (B) Railways, though vital, generally receive a lesser allocation compared to the other sectors mentioned.
Step 3: Determining the Correct Order. Arranging the sectors by expenditure from highest to lowest yields the following order: First, Defence Services (A); then, Telecommunications (D); followed by Road Transport and Highways (C); and lastly, Railways (B).
Step 4: Final Conclusion. The identified expenditure order is (A), (D), (C), (B), which corresponds to answer option (1).
As per Union Budget 2024-25, arrange the following sources of revenue in ascending order in terms of their contribution to the overall revenue of the central government for 2023-24:
(A) GST and other related taxes
(B) Income Tax
(C) Union Excise Duties
(D) Corporate Tax
Choose the correct answer from the options given below: