खालीलपैकी कोणता भारताच्या केंद्रशासनाच्या भांडवली खर्चाचा भाग नाही ?

The correct answer is Option C (Interest payments).

Key Points:
• Correct Option Evaluation: The correct answer is option (3) Interest payments.
• Capital vs. Revenue Expenditure:
• Capital Expenditure (CapEx): Government spending that creates assets (machinery, infrastructure, buildings) or reduces liabilities (repayment of loans).
• Revenue Expenditure: Spending that does not create physical assets, such as salaries, subsidies, administrative overheads, and interest payments on past public debt.
• Analysis of Options: Interest payments represent recurring debt-servicing liabilities categorized strictly under revenue expenditure, not capital expenditure. Capital outlays for defense assets, social infrastructure, or general services can involve capital components, whereas interest payment is purely a revenue obligation.
• Exam Insight: High revenue expenditure and mounting interest payments constrain the fiscal space available for capital investments.
• Key Takeaway: Interest payments represent revenue expenditure, not capital expenditure of the Central Government.