According to the Indian Constitution, for every financial year, it is the constitutional duty of the government to present in Parliament the details of estimated receipts and expenses. This 'annual financial statement' is the government's main budget-related manifesto. Although the Budget Manifesto is related to a single financial year, its effect lasts for many years to come. Therefore, two types of accounts pertaining to the financial year are included only in the revenue account (also called revenue budget and which is related to the assets and liabilities of the government, also called capital budget. Objectives of government budget It plays a very important role in increasing public welfare. For this, the government intervenes in many ways in the economy. Let's know more about Government Budget And Economy.
1. Father of Indian Budget is ...
A. James Wilson
B. James Whatt
C. James Coock
D. None of these
2. Budget is an article of ...
A. Government's monetary policy
B. Government's Commerce Policy
C. Government's fiscal policy
D. Government's money saving policy
3. What tense to zero-based budget means?
A. Unfinished deficit finance system
B. Non-deduction of unproductive expenditure
C. Non-evaluation of new programs
D. Prepare a completely new budget every time
4. When was the first budget introduced in British, India?
A. In 1840
B. In 1850
C. In 1860
D. In 1870
5. Which of the following is the type of budget?
A. Balanced budget
B. Surplus budget
C. Deficit budget
D. All of these
6. Which country is considered zero-based budget technology?
A. UK
B. France
C. India
D. USA
7. When was the US zero-based budgeting technique first adopted?
A. 1977
B. 1677
C. 1817
D. 1967
8. In which year annual budget of zero-based budget was adopted in India?
A. 1986–87
B. 1987–88
C. 1988–89
D. 1989–90
9. In which state, zero-based budgeting technique was first adopted in India?
A. Karnataka
B. Kerala
C. Andhra Pradesh
D. All of the above
10. When did a zero-based budgeting system come into existence in India?
A. In the Sixth Five-Year Plan
B. In the Seventh Five Year Plan
C. In the Ninth Five-Year Plan
D. None of these
11. The annual financial statement (budget) is delivered to both the houses of Parliament ...
A. By Finance Minister
B. By Vice President
C. By the Chairman
D. By the President
12. What is the full meaning of (ZBB)?
A. Xerox-based budgeting
B. Zero-based budgeting
C. Zigzag-based budgeting
D. All of these
Drop your comment here...
