Question : Revenue budget includes
Option 1: Revenue receipts
Option 2: Revenue expenditure
Option 3: Both A and B
Option 4: Neither A nor B
Correct Answer: Both A and B
Solution : Revenue budget includes revenue receipts and revenue expenditure. Revenue budget is the statement of estimated revenue receipts and estimated revenue expenditure during the fiscal year. Hence, Option C is correct.
Question : Components of budget includes
Question : Capital budget includes
Question : ___________________________ refers to those expenditure which neither creates any assets nor causes reduction in any liabilities of the government.
Question : _________________ refers to those receipt which neither creates a liability nor causes a reduction in the assets of the government.
Question : Transfer receipts includes ____________________.
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