Question: Given below are two statements: Statement I: Development expenditure of the Central Government does not include defense expenditure and grants to states. Statement II: Non-development expend involves Interest payments and Subsidies. In the light of the above statements choose the most appropriate answer from the options given below:
Options:
(A) Both Statement I and Statement II are correct
(B) Both Statement I and Statement II are incorrect
(C) Statement I is correct and Statement II is incorrect
(D) Statement I is incorrect and Statement II is correct
Answer: D