Podcast
Questions and Answers
What is the meaning of Government Budget?
What is the meaning of Government Budget?
- A statement showing estimated government expenditure and receipts annually (correct)
- A statement showing actual government expenditure and receipts annually
- A statement showing estimated private sector expenditure and receipts annually
- A statement showing actual private sector expenditure and receipts annually
When does the financial year or fiscal year run in India?
When does the financial year or fiscal year run in India?
- From October 1 to September 30
- From July 1 to June 30
- From April 1 to March 31 (correct)
- From January 1 to December 31
What is the primary objective of government budget in terms of resource redistribution?
What is the primary objective of government budget in terms of resource redistribution?
- Minimizing government expenditure
- Promoting private sector investment
- Achieving economic and social welfare (correct)
- Maximizing government revenue
How does the government reduce disparities in income and wealth?
How does the government reduce disparities in income and wealth?
What is one way the government encourages investment in the economy?
What is one way the government encourages investment in the economy?
Government budget is prepared annually to show estimated expenditure and receipts of the government over the fiscal or financial year.
Government budget is prepared annually to show estimated expenditure and receipts of the government over the fiscal or financial year.
The financial year or fiscal year in India runs from January 1 to December 31.
The financial year or fiscal year in India runs from January 1 to December 31.
One objective of the government budget is to reduce disparities in income and wealth in the economy.
One objective of the government budget is to reduce disparities in income and wealth in the economy.
By providing tax concessions or subsidies, the government discourages investment in the economy.
By providing tax concessions or subsidies, the government discourages investment in the economy.
Government budget aims to achieve both economic and social welfare in the Indian economy.
Government budget aims to achieve both economic and social welfare in the Indian economy.
