4. A budget is an annual statement of the
estimated receipts and expenditure of the
government over the fiscal year, which runs
from APRIL 1ST
to MARCH 31ST
.
5. 1. Redistribution of income and wealth:
Govt.through fiscal tools of taxation,subsidies and
transfer payments brings about fair distribution of
income.
2. Reduction of inequalities:
Govt. can reduce inequalities of income by taking the
rich people more in budget and spending more on
poor.
3. Economic stability:
The tries to prevent business fluctuation and
maintain price and employment stability.
4. Economic growth:
Development of heavy and basic industry.
6. R evenue receipts C apital receipts
B udget receipts
R evenue expenditure C apital expenditure
B ubget expenditure
G overnm ent budget
7.
8. D eve lo p-
m en tal
N o n-d evelo p-
m en tal
R e ve n ue
expe nditu re
D e velo p-
m ental
N on -de velop-
m en tal
C a pital
expen diture
P lan
e xpen ditu re
D eve lop-
m en tal
N o n-de velo p-
m ental
R e ve nue
e xpe nditu re
D e ve lo p-
m ental
N o n -d evelop-
m en tal
C a pital
expe n diture
N on-plan
e xpen diture
C om p on en ts of B ud get exp en diture
9. Budget expenditure:It is the expense which the
govt.incurs for its own maintenance as also for the society
and the country as a whole.
Components
1.Plan expenditure and non-plan expenditure:
i) Plan expenditure:It is the expenditure to be incurred
during the year on the programmes under the current five
year.
Ex:the assistance provided by the Central govt.for the
plans states and Union territories.
ii) Non-plan expenditure:Expenditure other
than the expenditure related to the
current five year plan.
10. REVENUE EXPENDITURE AND CAPITAL
EXPENDITURE
Revenue expenditure:It refers to expenditure which either
create assets nor reduce liabilities.
Capital expenditure:It refers to expenditure which which
either creates assets or reduce liabilities.
2.Developmental and Non-developmental
expenditure:
i) Non-Developmental expenditure:Expenditure on essential
general services of the govt.
Ex:defence &administration
12. A) True
B) False
Correct - Click anywhere to
continue
Correct - Click anywhere to
continue
Incorrect - Click anywhere to
continue
Incorrect - Click anywhere to
continue
You answered this correctly!You answered this correctly!
Your answer:Your answer:
The correct answer is:The correct answer is:
You did not answer this
question completely
You did not answer this
question completelyYou must answer the
question before continuing
You must answer the
question before continuing
Submit Clear
13. A) True
B) False
Correct - Click anywhere to
continue
Correct - Click anywhere to
continue
Incorrect - Click anywhere to
continue
Incorrect - Click anywhere to
continue
You answered this correctly!You answered this correctly!
Your answer:Your answer:
The correct answer is:The correct answer is:
You did not answer this
question completely
You did not answer this
question completelyYou must answer the
question before continuing
You must answer the
question before continuing
Submit Clear
14. A) Revenue receipts
B) Capital Receipts
C) Capital Expenditure
D) Revenue Expenditure
Correct - Click anywhere to
continue
Correct - Click anywhere to
continue
Incorrect - Click anywhere to
continue
Incorrect - Click anywhere to
continue
You answered this correctly!You answered this correctly!
Your answer:Your answer:
The correct answer is:The correct answer is:
You did not answer this
question completely
You did not answer this
question completelyYou must answer the
question before continuing
You must answer the
question before continuing
Submit Clear
15. A) Fiscal Deficit
B) Revenue Deficit
C) Primary Deficit
D) Budgetary Deficit
Correct - Click anywhere to
continue
Correct - Click anywhere to
continue
Incorrect - Click anywhere to
continue
Incorrect - Click anywhere to
continue
You answered this correctly!You answered this correctly!
Your answer:Your answer:
The correct answer is:The correct answer is:
You did not answer this
question completely
You did not answer this
question completelyYou must answer the
question before continuing
You must answer the
question before continuing
Submit Clear
16. Your Score {score}
Max Score {max-score}
Number of Quiz
Attempts
{total-attempts}
Question Feedback/Review Information Will
Appear Here
Question Feedback/Review Information Will
Appear Here
Review QuizContinue
