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Question : 8
Total: 60
Read the following statements carefully and choose the correct alternative from the following:
Statement 1: Government Budget is a detailed economic statement presented by Finance Minister.
Statement 2: Government Budgetconsists of financial programmes and policies of the government for the next year.
Statement 1: Government Budget is a detailed economic statement presented by Finance Minister.
Statement 2: Government Budgetconsists of financial programmes and policies of the government for the next year.
Solution:
(a) Both the statements are true
Explanation: Government budget is an annual statement which shows estimated government receipts and government expenditure for the coming fiscal year. It consists of financial programmes and policies of the government. It is presented by finance minister on the last day of February.
Explanation: Government budget is an annual statement which shows estimated government receipts and government expenditure for the coming fiscal year. It consists of financial programmes and policies of the government. It is presented by finance minister on the last day of February.
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