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Correct Option is The allocated capital budget for defence has been fully utilised since 2016-17, reversing the previous trends of surrender of funds

Solution:As we go through the analysis of the sentence, we find that the sentence of option (d) is correct.
(a) replace ‘showcase’ with ‘showcasing’.
(b) replace ‘have’ with ‘has’.
(c) replace ‘then’ with ‘than’.

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