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Question
State whether the following statement is true or false.
The budget is a monthly statement.
Options
True
False
MCQ
True or False
Solution
The budget is a monthly statement. - False
Explanation: The above statement is incorrect. In fact, the budget is an annual financial statement showing item-wise expected government receipts and government payments during a financial year.
shaalaa.com
Public Economics - Budget (1 Year)(1 April to 31 March)
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RELATED QUESTIONS
Match the following groups:
| Group A | Group B | ||
| 1. | Deficit budget | a. | Tax revenue |
| 2. | Government budget | b. | Capital receipts |
| 3. | Fees, license fee | c. | Irrigation |
| 4. | Borrowings | d. | Non-tax revenue |
| 5. | Plan expenditure | e. | One year |
| f. | Government expenditure > Government revenue | ||
| g. |
Two years |
||
Define or Explain.
Budget
Define 'or' explain the following concept.
Fixed capital
