Expenditure on construction of a national highway is classified as: MCQ with Answer and Explanation

Explanation:
Because public goods are non-excludable, individuals have an incentive to free-ride — enjoy the benefits without contributing to the cost — leading to under-provision by the market.

Explanation:
Advance tax is paid in advance in instalments during the financial year instead of a lump sum at the end.

Explanation:
The Multidimensional Poverty Index identifies multiple overlapping deprivations suffered by households in the domains of health, education and living standards, providing a more comprehensive picture of poverty than income alone.