Q1. In the context of state government finances, the term 'committed expenditure' is most precisely defined as which one of the following?
- A. Non-discretionary, obligatory spending on salaries, pensions and interest payments that must be met before discretionary outlays
- B. The total capital outlay earmarked for infrastructure and asset creation in the budget
- C. Expenditure financed entirely through centrally sponsored scheme transfers from the Union
- D. Spending that the state is legally barred from incurring without prior Finance Commission approval