Final answer:
Proceeds from disinvestment are used for different objectives, including financing revenue expenditure, capital expenditure, and imports. Therefore, the correct answer is 'd. All of the above'.
Step-by-step explanation:
Proceeds from disinvestment can be used for multiple purposes which include financing the revenue expenditure, financing the capital expenditure, and financing imports. Thus, the answer to the student's question can be 'd. All of the above'. Disinvestment usually refers to a government or organization selling or liquidating an asset or subsidiary. The proceeds from this process can go into various areas based on the entity's needs and policy decisions.
For example, if we consider the statement 'The growth of rail and telegraph was hailed by expansionists as a means to spread American influence, enhance internal development, facilitate trade, or d. all of the above', it indicates that expansionists saw the growth of these infrastructures capable of achieving multiple objectives, mirroring how disinvestment proceeds can similarly serve various purposes.