Q1. With reference to the Union Budget 2026-27 allocations for the Ministry of Defence, consider the following statements: Which of the statements given above is/are correct?
- The Ministry of Defence has been allocated ₹7.85 lakh crore, representing about a 15% increase over the Budgetary Estimates of FY 2025-26.
- The defence allocation is pegged at approximately 2% of the estimated GDP for the next financial year.
- More than 40% of the Defence Budget is earmarked for capital expenditure.
- About ₹1.39 lakh crore has been earmarked for procurement from the domestic defence industry.
- A. 1, 2 and 4 only
- B. 1 and 3 only
- C. 2, 3 and 4 only
- D. 1, 2, 3 and 4