Which of the following statements is correct?
A. Only I
B. Only II
C. Both I and II
D. Neither I nor II
Answer:C
Which of the following statements is correct?
A. Only I B. Only II C. Both I and II D. Neither I nor II
Explanation: The Budget for 2016-17 indicates that there are about 950 central sector and centrally sponsored sub-schemes in India accounting for about 5 percent of the GDP by budget allocation. A large majority of these are small in terms of allocation with the top 11 schemes accounting for about 50 percent of total budgetary allocation. Food Subsidy or Public Distribution System (PDS) is the largest programme followed by Urea Subsidy and the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The other programs include Crop Insurance, Student Scholarships, National Handloom Development Programme etc. One must acknowledge though that many of these schemes have diverse benefits beyond immediate poverty reduction – for instance, student scholarships have inter-generational consequences for individuals.